Pricing Supplement No. 18 Dated July 22, 1994 Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and File No. 33-50232
Prospectus Supplement dated March 31, 1994) CUSIP No. 78355HCZ0
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 9
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $1,000,000
Issue Price: 100%
Issue Date: 7/29/94
Maturity Date: 7/29/97
Interest Rate: 6.97%
Form: [X] Book Entry [ ] Certificated
Redemption: [X] The Notes cannot be redeemed prior to
maturity.
[ ] The Notes may be redeemed prior to maturity.
Terms of Redemption: N/A
Repayment at option of holder: [X] The holder has no option to elect
repayment of the Notes prior to
maturity.
[ ] The Notes are repayable prior to
maturity at the option of holder.
Terms of Repayment: N/A
Discount note: [ ] Yes [X] No
Total Amount of OID: N/A
Yield to Maturity: 6.97%
Initial Accrual Period OID: N/A
Name of Agent and Agent's Discount or Commission:
J.P. Morgan $3,500
Additional Terms:
