Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions, today announced it entered into a new 364-day unsecured syndicated term loan (the “Term Loan”) totaling US$400 million with a syndicate of eight large financial institutions, further enhancing its liquidity position. “Execution of this new term loan further solidifies Ryder’s solid liquidity position. Our business model generates more free cash flow in slower economic environments as capital expenditures decline in our ChoiceLease business,” said Scott Parker, Ryder Executive Vice President and Chief Financial Officer. The term loan will be used for working capital and other general corporate purposes of Ryder and its subsidiaries. “We are very pleased with the