Pricing Supplement No. 18 Dated 3/14/95             Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and         File No. 33-50232
Prospectus Supplement dated March 9, 1995)   CUSIP No. 78355H FH7

$200,000,000

RYDER SYSTEM, INC.

Medium-Term Notes, Series 11
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue

Principal Amount:   $5,000,000

Issue Price:        100

Issue Date:         3/21/95

Maturity Date:      5/15/00

Interest Rate:      7.48%

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:           --

         Yield to Maturity:             --

         Initial Accrual Period OID:    --

Name of Agent and Agent's Discount or Commission:

               Morgan Stanley           $25,000


Additional Terms: