Ryder System (R) 8-K Regulation FD Disclosure

This presentation reflects the following changes in our segment

reporting:

–

Combined reporting for the Supply Chain Solutions and

Dedicated Contract Carriage business segments

–

Separate reporting for non-service pension costs

Exhibit No. 99.2

Business Segments

($ Millions)

03/01/12

Proprietary and Confidential

1Q 2011

2Q 2011

3Q 2011

4Q 2011

FY 2011

Operating

Revenue:

(1)

Fleet Management Solutions

719.0

$   

778.9

$   

824.7

$   

813.3

$   

3,135.9

$

Supply Chain Solutions

(2)

452.7

456.8

476.3

471.8

1,857.5

Eliminations

(42.6)

(43.7)

(44.4)

(48.1)

(178.8)

Total

1,129.1

1,192.0

1,256.5

1,237.0

4,814.6

Segment Earnings Before Tax:

(3)

Fleet Management Solutions

42.2

$     

71.5

$     

78.1

$     

73.7

$     

265.7

$   

Supply Chain Solutions

(2)

20.1

27.7

31.4

25.5

104.7

Eliminations

(4.9)

(6.5)

(5.7)

(7.1)

(24.2)

57.4

92.7

103.8

92.1

346.2

Central Support Services (Unallocated Share)

(3)

(8.5)

(11.2)

(11.5)

(11.0)

(42.3)

Non-service Pension Costs

(4.5)

(4.8)

(4.6)

(4.7)

(18.7)

Restructuring and Other Charges, Net and Other Items    

(0.8)

(1.7)

-

(3.3)

(5.8)

Earnings Before Income Taxes

43.6

75.0

87.7

73.1

279.4

Provision for Income Taxes

(17.8)

(34.1)

(30.7)

(25.4)

(108.0)

Earnings from Continuing Operations

25.9

$     

40.9

$     

56.9

$     

47.7

$     

171.4

$   

Net Earnings

25.1

$     

40.0

$     

56.5

$     

48.1

$     

169.8

$   

(1)

Non-GAAP financial measure. Operating revenue excludes FMS fuel services revenue and SCS subcontracted transportation revenue. Refer to the relevant quarterly

and annual reports which include a reconciliation of Operating Revenue to Total Revenue.

(2)

Combined Supply Chain Solutions and Dedicated Contract Carriage.

(3)

Excludes non-service pension costs.

Note: Amounts may not recalculate due to rounding.

Business Segments

($ Millions)

03/01/12

Proprietary and Confidential

1Q 2010

2Q 2010

3Q 2010

4Q 2010

FY 2010

Operating Revenue:

(1)

Fleet Management Solutions

677.4

$   

709.0

$   

733.9

$   

726.3

$   

2,846.5

$

Supply Chain Solutions

(2)

350.2

368.5

377.2

377.6

1,473.5

Eliminations

(40.0)

(40.4)

(39.5)

(41.9)

(161.8)

Total

987.6

1,037.1

1,071.6

1,061.9

4,158.2

Segment Earnings Before Tax:

(3)

Fleet Management Solutions

27.3

$     

51.6

$     

60.3

$     

55.7

$     

194.9

$   

Supply Chain Solutions

(2)

15.2

21.6

24.5

20.4

81.7

Eliminations

(4.7)

(5.1)

(4.6)

(4.8)

(19.3)

37.8

68.1

80.2

71.3

257.3

Central Support Services (Unallocated Share)

(3)

(8.8)

(9.8)

(11.9)

(10.7)

(41.2)

Non-service Pension Costs

(6.5)

(6.1)

(6.3)

(7.8)

(26.6)

Restructuring and Other Charges, Net and Other Items    

-

-

-

(3.2)

(3.2)

Earnings Before Income Taxes

22.5

52.2

62.0

49.6

186.3

Provision for Income Taxes

(9.6)

(21.6)

(22.3)

(8.1)

(61.7)

Earnings from Continuing Operations

12.9

$     

30.6

$     

39.7

$     

41.5

$     

124.6

$   

Net Earnings

12.4

$     

29.8

$     

38.8

$     

37.1

$     

118.2

$   

(1)

Non-GAAP financial measure. Operating revenue excludes FMS fuel services revenue and SCS subcontracted transportation revenue. Refer to the relevant quarterly and

annual reports which include a reconciliation of Operating Revenue to Total Revenue.

(2)

Combined Supply Chain Solutions and Dedicated Contract Carriage.

(3)

Excludes non-service pension costs.

Note: Amounts may not recalculate due to rounding.

Business Segments

($ Millions)

03/01/12

Proprietary and Confidential

1Q 2009

2Q 2009

3Q 2009

4Q 2009

FY 2009

Operating Revenue:

(1)

Fleet Management Solutions

693.2

$   

712.6

$   

712.5

$   

699.5

$   

2,817.7

$

Supply Chain Solutions

(2)

341.1

347.0

362.8

361.0

1,412.0

Eliminations

(43.5)

(41.8)

(41.2)

(40.7)

(167.2)

Total

990.8

1,017.8

1,034.0

1,019.8

4,062.5

Segment Earnings Before Tax:

(3)

Fleet Management Solutions

40.7

$     

51.5

$     

47.6

$     

42.4

$     

182.2

$   

Supply Chain Solutions

(2)

12.7

17.7

26.8

19.5

76.6

Eliminations

(5.6)

(4.8)

(5.7)

(4.9)

(21.1)

47.8

64.4

68.7

57.0

237.8

Central Support Services (Unallocated Share)

(3)

(6.9)

(8.2)

(9.1)

(11.1)

(35.3)

Non-service Pension Costs

(11.8)

(11.0)

(11.5)

(11.4)

(45.6)

Restructuring and Other Charges, Net and Other Items    

(6.7)

0.2

(3.9)

(2.7)

(13.1)

Earnings Before Income Taxes

22.4

45.3

44.2

31.8

143.8

Provision for Income Taxes

(11.5)

(18.3)

(15.8)

(8.1)

(53.7)

Earnings from Continuing Operations

10.9

$     

27.1

$     

28.4

$     

23.7

$     

90.1

$     

Net Earnings

6.8

$       

22.9

$     

24.0

$     

8.2

$       

61.9

$     

(1)

Non-GAAP financial measure. Operating revenue excludes FMS fuel services revenue and SCS subcontracted transportation revenue. Refer to the relevant quarterly

and annual reports which include a reconciliation of Operating Revenue to Total Revenue.

(2)

Combined Supply Chain Solutions and Dedicated Contract Carriage.

(3)

Excludes non-service pension costs.

Note: Amounts may not recalculate due to rounding.