EXHIBIT 99

              RYDER IS REVIEWING OPTIONS FOR AUTO CARRIER BUSINESS

         MIAMI, Fl, October 31, 1996 -- Ryder System, Inc. (NYSE:R) has retained
an advisor to assist it in exploring strategic options for its Ryder Automotive
Carrier Services business unit, it was announced here today by Chairman,
President and Chief Executive Officer M. Anthony Burns.

         "As we have said in the past," Burns commented, "our strategic focus is
on the rapidly expanding integrated logistics and truck leasing and rental
global market. Consistent with this strategy, we need to restore the financial
performance of Automotive Carrier Services. Our advisor will help us explore all
aspects of the business and develop strategic options."