Third-Party Assurances Help Customers Meet Sarbanes-Oxley and Other Regulatory Requirements

For the third consecutive year Railinc successfully completed a Statement on Auditing Standards (SAS) 70 Type II examination. More stringent than a Type I examination, the Type II exam includes detailed testing of Railinc internal controls to demonstrate that they are suitably designed and operating effectively.

Ryder Launches New Technology to Streamline Customers' Management of Fleet Data, Analysis and Reporting
Web-based Fleet Management Tool Provides Business-Critical Information on Fleet Activity and Performance for Customers
Ryder System, Inc.  is launching Ryder FleetCare, a Web-based fleet management tool that provides customers with access to valuable information regarding the operation of their fleets. After successful testing in real-world conditions with Ryder customers, the Company has initiated a U.S. rollout through the fourth quarter of 2006.

- Ryder Earns a Top Slot for Ninth Consecutive Year -
Ryder System, Inc.  announced it ranked second in the annual Inbound Logistics "Top Ten 3PL Excellence Awards." Ryder has been recognized by this leading publication as a top-five 3PL for nine consecutive years.

A round table took place yesterday at Russian Railways’ subsidiary TransKontainer to discuss issues on freight transport with representatives from independent container operators. The focus of the meeting was forms of cooperation between TransKontainer and the independent operators and the results of freight transport in IH2006. It was the second round table since TransKontainer began operating on market principles as an independent subsidiary of Russian Railways on 1 July 2006.

“Russian Railways has spent over 20 billion roubles on safety in last three years,” said Pyotr Shanaitsa, head of the Traffic Safety and Environment Department during a two-day safety conference which began today.

Summarising the results of 1H2006, Shanaitsa noted that the measures implemented by the Company have improved the quality of the transport process and ensured the stability of rail traffic at a time when the volume of freight and passenger traffic is increasing. Crashes and derailments of passenger trains have been avoided, he said, while defects have been reduced by 7.9% since 2005.

Russian Railways expects state support from Russia’s Investment Fund to build freight branch lines as part of the high-speed passenger train project between St. Petersburg and Helsinki, according to Oleg Morozov, Vice-President of Russian Railways. Morozov rejected press reports that Russian Railways and Lukoil would build and finance the branch lines jointly, emphasising that the cooperation between the two companies in Russia’s North-Western region was on a completely different project, namely developing railway access lines to the distribution and shipping terminal Lukoil 2 on the island of Vysotsky in Leningrad oblast.

Integrated GPS, Wireless Data and Micro-Chip Technology System Expected to Make High Tech Tracking and Real-time Driver and Vehicle Performance Data Affordable for all Fleet Sizes

 Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has entered into an alliance with Teletrac and Cingular Wireless to launch RydeSmart(R), an advanced onboard telematics technology designed to improve vehicle uptime, driver efficiency, highway safety and cargo security, and real-time tracking of customer fleet operations.

In 2004-5, Russian Railways invested 203 million roubles in the port infrastructure of the distribution and re-shipment complex Lukoil 2 on the island of Vysotsky in Leningrad oblast, building 41 km of connecting routes and Pikhtovaya station and also electrifying parts of the lines.

The President of Russian Railways Vladimir Yakunin took part in 68th Session of the General Assembly of the International Union of Railways held in Montreal from 6-9 June 2006.
Yakunin noted that “this session of the General Assembly has become a major event since it took the decision to accept Russian Railways as a fully-fledged member of the International Union of Railways. So 58 years after Russia was involved at the foundation of the IUR and then withdrew, it has once again become a member of this authoritative and professional transportation organisation.

Rolls-Royce Aero Repair and Overhaul (AR&O) has signed a new agreement for complete engine overhaul with Monarch Aircraft Engineering Ltd. This new contract covers Monarch Airlines’ fleet of Rolls-Royce RB211-535s for the Boeing 757, and International Aero Engines (IAE) V2500 engines for Airbus A320 family aircraft.

Russian Railways (RZD) and Germany's Siemens signed a contract on Thursday evening for the purchase of eight high-speed trains for a total of 576 million euros.The trains will be produced in Germany and cost 276 million euros, he said. RZD and Siemens discussed raising funding for the project with help from Siemens, Vladimir Yakunin said.