Pricing Supplement No. 9 Dated 12/15/94              Rule 424(b)(3)
   (To Prospectus dated August 6, 1992 and           File No. 33-50232
   Prospectus Supplement dated November 4, 1994)  CUSIP No. 78355H DP1

   $400,000,000

   RYDER SYSTEM, INC.

   Medium-Term Notes, Series 10
   (Registered Notes--Fixed Rate)
   Due Nine Months or More from Date of Issue

   Principal Amount:   $5,000,000

   Issue Price:        100%

   Issue Date:         12/22/94

   Maturity Date:      12/22/99

   Interest Rate:      8.335%

   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:     --

   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:      --

   Discount note:  [ ]  Yes   [X]  No

        Total Amount of OID:          N/A

        Yield to Maturity:       8.335%

        Initial Accrual Period OID:   --

   Name of Agent and Agent's Discount or Commission:

             Merrill Lynch $25,000

   Additional Terms: