1





EXHIBIT 21.1     List of subsidiaries of the registrant, with the state or
                 other jurisdiction of incorporation or organization of each
                 and the name under which each subsidiary does business.
   2
                               RYDER SYSTEM, INC.

                        Subsidiaries as of March 1, 1994



                                                                    State/Country of
                                                                    ----------------
Name of Company                                                     Incorporation
- ---------------                                                     -------------
                                                                 
ATE Management and Service Company, Inc. (1)                        Delaware
ATE Management of Duluth, Inc.                                      Minnesota
A.T.G. Automotive Transport Group, Inc.                             Canada
Automobile Transport Inc.                                           Canada
B & C, Inc.                                                         Michigan
Blazer Truck Lines Inc. (2)                                         Michigan
F. J. Boutell Driveaway Co., Inc.                                   Michigan
Cape Area Transportation Systems, Inc.                              Massachusetts
Central Virginia Transit Management Company, Inc.                   Virginia
Commercial Carriers, Inc. (3)                                       Michigan
Commuter Services, Inc.                                             Virginia
Complete Auto Transit, Inc.                                         Michigan
E/H Service Corporation                                             Wisconsin
Far East Freight, Inc.                                              Florida
Fleet Carrier Corporation                                           New York
Forrest Rental Services Limited                                     England
Harbor Drive Realty, Inc.                                           Florida
H.N.S. Management Company, Inc.                                     Connecticut
Jackson Public Transportation Company, Inc.                         Mississippi
M & G Convoy, Inc.                                                  New York
Managed Logistics System, Inc.                                      Delaware
MCL Motor Carriers Limited                                          Canada
Merrimack Valley Area Transportation Co., Corp.                     Massachusetts
Metro Service Corp.                                                 Wisconsin
Mid-South Transportation Management, Inc.                           Tennessee
Mitchell Self Drive Limited                                         England
Murray Recon, Inc.                                                  New York
Network Sales, Inc. (4)                                             Tennessee
Network Vehicle Central, Inc.                                       Florida
9755 S.W. 67 Avenue, Inc.                                           Florida
Old Dominion Transit Management Company                             Virginia
OSHCO, Inc.                                                         Florida
Parking Management of Southwest Virginia, Inc.                      Virginia
QAT, Inc.                                                           Florida
RMX, Inc. (5)                                                       Delaware
RSI Acquisition Corp.                                               Delaware
RSI Purchase Corp.                                                  Delaware
Ryder Automotive Carrier Group, Inc.                                Florida
Ryder Automotive Operations, Inc.                                   Florida
RYDERCORP                                                           Florida
RYDERCORP, Inc.                                                     Delaware
Ryder Dedicated Capacity, Inc.                                      Tennessee
Ryder Dedicated Logistics, Inc.                                     Delaware
Ryder Distribution Services Ltd.                                    England
Ryder Driver Leasing, Inc.                                          Florida







   3

                                                                                                                  
Ryder Energy Distribution Corporation                                         Florida                                   
Ryder Finance, Inc.                                                           Florida                                   
Ryder Freight Broker, Inc.                                                    Virginia                                  
Ryder Mexicana, S.A. de C.V.                                                  Mexico                                    
Ryder Move Management, Inc.                                                   Oregon                                    
Ryder Polska Sp. z o. o.                                                      Poland                                    
Ryder Public Limited Company                                                  England                                   
Ryder Puerto Rico, Inc.                                                       Delaware                                  
Ryder Realty, Inc.                                                            Delaware                                  
Ryder Relocation Services, Inc.                                               Florida                                   
Ryder Services Corporation (6)                                                Florida                                   
Ryder St. Louis Redevelopment Corporation                                     Missouri                                  
Ryder Student Transportation Services, Inc. (7)                               Florida                                   
Ryder System, B.V.                                                            Amsterdam, Netherlands                    
Ryder System, Ltd.                                                            England                                   
Ryder System Holdings (UK) Limited                                            England                                   
Ryder Transport Services GmbH                                                 West Germany                              
Ryder Truck Rental, Inc. (8)                                                  Florida                                   
Ryder Truck Rental Canada Ltd. (9)                                            Canada                                    
Ryder Truck Rental-One Way, Inc.                                              Delaware                                  
Ryder Truck Rental Trustees Limited                                           England                                   
Ryder Truckstops, Inc.                                                        Florida                                   
Ryder Vehicle Leasing & Sales Corp.                                           Barbados                                  
Saunders Leasing System of Canada Limited (Canada) - being dissolved
South Florida Mortgage Group, Inc.                                            Florida                                 
Southwestern Virginia Transit Management Company, Inc.                        Virginia                                
Terminal Service Co.                                                          Washington                              
Transit Management Company of Laredo                                          Texas                                   
Transit Management of Alexandria, Inc.                                        Virginia                                
Transit Management of Charlotte, Inc.                                         North Carolina                          
Transit Management of Connecticut, Inc.                                       Connecticut                             
Transit Management of Danville, Inc.                                          Illinois                                
Transit Management of Decatur, Inc.                                           Illinois                                
Transit Management of Durham, Inc.                                            North Carolina                          
Transit Management of Great Falls, Inc.                                       Montana                                 
Transit Management of Hamilton, Inc.                                          Ohio                                    
Transit Management of Jamestown, Inc.                                         New York                                
Transit Management of Nashua, Inc.                                            New Hampshire                           
Transit Management of Richland, Inc.                                          Ohio                                    
Transit Management of Monroe County, Inc.                                     Michigan                                
Transit Management of St. Joseph, Inc.                                        Missouri                                
Transit Management of Sioux Falls, Inc.                                       South Dakota                            
Transit Management of Spartanburg, Inc.                                       South Carolina                          
Transit Management of Tucson, Inc.                                            Arizona                                 
Transit Management of Tyler, Inc.                                             Texas                                   
Transit Management of Washoe, Inc.                                            Nevada                                  
Transit Management of Waukesha, Inc.                                          Wisconsin                               
Transport Support, Inc.                                                       Delaware                                
United Contract Hire Limited                                                  England                                 
Westland Trailer Co., S.A. de C.V. (Mexico) - being dissolved                                                         
Westside Corporate Center, Inc.                                               Florida                                 
                                                            





                                     Page 2
   4

                                                                   
(1)       Minnesota:  Metro Mobility Service Center

(2)       California:  Michigan Blazer Truck Lines Inc.

(3)       Florida:  d/b/a Commercial Carriers of Michigan, Inc.

          Michigan and New York:  Delavan

(4)       Ontario, Canada:  d/b/a Vehicle Network Sales

(5)       Texas:  Delaware RMX, Inc.

(6)       New Jersey, Ohio and Texas:  d/b/a Ryder Claims Services Corporation

(7)       California, Colorado, Connecticut, Illinois, Minnesota, Missouri, Montana and New Jersey:  d/b/a Ryder Transportation

          Colorado:  d/b/a Grand Connection

          Illinois:  d/b/a North American Motor Coach

          Massachusetts:  d/b/a DePalma Transportation Sales

          Minnesota:  d/b/a Kare Kabs

          New York:  d/b/a Ryder Student Transportation

          Rhode Island:  d/b/a Ryder Student Transportation Sales

(8)       Maryland and Virginia:  d/b/a Ryder/Jacobs

          Michigan:  d/b/a Atlas Trucking, Inc.

          Michigan:  d/b/a Ryder Atlas Trucking of Western Michigan

(9)       French Name:  Location de Camions Ryder du Canada Ltee.

          Canadian Provinces:  Ryder Distribution Resources Canada

          Canadian Provinces:  Ryder Dedicated Logistics






                                     Page 3