EXHIBIT 15


KPMG PEAT MARWICK LLP
CERTIFIED PUBLIC ACCOUNTANTS
One Biscayne Tower                                   Telephone      305-358-2300
2 South Biscayne Boulevard                           Telecopier     305-577-0544
Suite 2900
Miami, Florida  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 October 21, 1998 related to our
review of interim financial information:

     Form S-3:

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

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

         /bullet/ Registration Statement No. 33-58667 covering $800,000,000
                  aggregate principal amount of debt securities.

         /bullet/ Registration Statement No. 333-63049 covering $800,000,000
                  aggregate principal amount of debt securities.

     Form S-8:

         /bullet/ Registration Statement No. 33-20608 covering the Ryder System
                  Employee Stock Purchase Plan.

         /bullet/ Registration Statement No. 33-4333 covering the Ryder Employee
                  Savings Plan.

         /bullet/ Registration Statement No. 1-4364 covering the Ryder System
                  Profit Incentive Stock Plan.

         /bullet/ Registration Statement No. 33-69660 covering the Ryder System,
                  Inc. 1980 Stock Incentive Plan.

         /bullet/ Registration Statement No. 33-37677 covering the Ryder System
                  UK Stock Purchase Scheme.

         /bullet/ Registration Statement No. 33-442507 covering the Ryder
                  Student Transportation Services, Inc. Retirement/Savings
                  Plan.

         /bullet/ Registration Statement No. 33-63990 covering the Ryder System,
                  Inc. Directors' Stock Plan.

         /bullet/ Registration Statement No. 33-58001 covering the Ryder System,
                  Inc. Employee Savings Plan A.

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

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

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



         /bullet/ Registration Statement No. 333-19515 covering the Ryder
                  System, Inc. 1997 Deferred Compensation Plan.

         /bullet/ Registration Statement No. 333-26653 covering the Ryder
                  System, Inc. Board of Directors Stock Award Plan.

         /bullet/ Registration Statement No. 333-57599 covering the Ryder
                  Student Transportation Services, Inc. Retirement/Savings Plan.

         /bullet/ Registration Statement No. 333-57593 covering the Ryder
                  System, Inc. Stock Purchase Plan for Employees.

         /bullet/ Registration Statement No. 333-57595 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.





/S/ KPMG PEAT MARWICK LLP

Miami, Florida
November 6, 1998