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                                                                  Exhibit 15
                                                                   
KPMG PEAT MARWICK
CERTIFIED PUBLIC ACCOUNTANTS
One Biscayne Tower                Telephone    305-358-2300
Suite 2900                        Telecopier   305-577-0544
2 South Biscayne Boulevard
Miami,  FL 33131

The Board of Directors
Ryder System, Inc.:

We acknowledge our awareness of the incorporation by reference in the following
Registration Statements of our report dated July 21, 1994 related to our review
of interim financial information:

         Form S-3:

                 -     Registration Statement No. 33-50232 covering
                       $800,000,000 aggregate principal amount of debt
                       securities.
                  
         Form S-8:
                  
                 -     Registration Statement No. 33-20608 covering the
                       Ryder System Employee Stock Purchase Plan.
                  
                 -     Registration Statement No. 33-4333 covering the Ryder
                       Employee Savings Plan.
                  
                 -     Registration Statement No. 1-4364 covering the Ryder
                       System Profit Incentive Stock Plan.
                  
                 -     Registration Statement No. 33-69660 covering the
                       Ryder System, Inc. 1980 Stock Incentive Plan.
                  
                 -     Registration Statement No. 33-37677 covering the
                       Ryder System UK Stock Purchase Scheme.
                  
                 -     Registration Statement No. 33-442507 covering the
                       Ryder Student Transportation Services, Inc.
                       Retirement/Savings Plan.
                  
                 -     Registration Statement No. 33-63990 covering the
                       Ryder System, Inc. Directors' Stock Plan.
                  
Pursuant to Rule 436 (c) under the Securities Act of 1933, such report is not
considered a part of a Registration Statement prepared or certified by an
accountant or a report prepared or certified by an accountant within the
meaning of Sections 7 and 11 of the Securities Act.

                                  KPMG PEAT MARWICK


Miami, Florida
August 12, 1994