Pricing Supplement No. 18 Dated 1/12/95              Rule 424(b)(3)
   (To Prospectus dated August 6, 1992 and           File No. 33-50232
   Prospectus Supplement dated November 4, 1994)  CUSIP No. 78355H DY2

   $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:         1/20/95

   Maturity Date:      1/20/2000

   Interest Rate:      8.37%

   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:      --

   Discount note:  [ ]  Yes   [X]  No

        Total Amount of OID:          --

        Yield to Maturity:            --

        Initial Accrual Period OID:   --

   Name of Agent and Agent's Discount or Commission:

                  Merrill Lynch  $25,000

   Additional Terms: