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                                                                      Exhibit 15


KPMG PEAT MARWICK LLP
CERTIFIED PUBLIC ACCOUNTANTS
One Biscayne Tower
Suite 2900
2 South Biscayne Boulevard
Miami, FL 33131

                                                        Telephone  305-358-2300
                                                        Telecopier 305-577-0544


The Board of Directors and Shareholders
Ryder System, Inc.:

We acknowledge our awareness of the incorporation by reference in the following
Registration Statements of our report dated April 18, 1996 related to our
review of interim financial information:

     Form S-3:

         -       Registration Statement No. 33-20359 covering $1,000,000,000
                 aggregate principal amount of debt securities.

         -       Registration Statement No. 33-50232 covering $800,000,000
                 aggregate principal amount of debt securities.

         -       Registration Statement No. 33-58667 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.

         -       Registration Statement No. 33-58001 covering the Ryder System,
                 Inc. Employee Savings Plan A.
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The Board of Directors and Shareholders
Ryder System, Inc.
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         -       Registration Statement No. 33-58003 covering the Ryder System,
                 Inc. Employee Savings Plan B.

         -       Registration Statement No. 33-58045 covering the Ryder System,
                 Inc. Savings Restoration Plan.

         -       Registration Statement No. 33-61509 covering the Ryder System,
                 Inc. Stock for Merit Increase Replacement Plan.

         -       Registration Statement No. 33-62013 covering the Ryder System,
                 Inc. 1995 Stock Incentive 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 Act.


                                                         KPMG PEAT MARWICK LLP

Miami, Florida
May 13, 1996