Exhibit 15

KPMG PEAT MARWICK LLP
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 and Shareholders
Ryder System, Inc.:

We acknowledge our awareness of the incorporation by reference in the following
Registration Statements of our report dated April 21, 1997 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.

         *    Registration Statement No. 33-58003 covering the Ryder System, 
              Inc. Employee Savings Plan B.


The Board of Directors and Shareholders
Ryder System, Inc.
Page 2


         *    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.

         *    Registration Statement No. 333-19515 covering the Ryder System, 
              Inc. 1995 Stock Incentive Plan.

         *    Registration Statement No. 333-26653 covering the Ryder System, 
              Inc. Board of Directors Stock Award 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 15, 1997