Ryder System, Inc. announced that it will redeem all of the issued and outstanding 2.80% medium-term notes (notes) due 2022 on February 11, 2022 (the redemption date). The notes have an aggregate principal amount outstanding of $300,000,000. The notes will each be redeemed for a redemption price equal to 100% of the principal amount of such notes plus accrued and unpaid interest on the notes redeemed from and including September 1, 2021 to, but not including, the redemption date. From and after the redemption date, all interest will cease to accrue on the notes. Investors in the notes should contact the bank or broker through which they hold a beneficial interest in the notes for information about obtaining the redemption payment for any notes in which they have a beneficial interest.