EXHIBIT 15


KPMG LLP
CERTIFIED PUBLIC ACCOUNTANTS
One Biscayne Tower                                      Telephone  305-358-2300
2 South Biscayne Boulevard                              Fax        305-913-2692
Suite 2900
Miami, Florida  33131



The Board of Directors and Shareholders
Ryder System, Inc.:

We acknowledge our awareness of the incorporation by reference in the following
Registration Statements of our report dated July 18, 2001 related to our review
of interim financial information:

   Form S-3:

      .    Registration Statement No. 33-20359 covering $1,000,000,000 aggregate
           principal amount of debt securities.

      .    Registration Statement No. 33-58667 covering $800,000,000 aggregate
           principal amount of debt securities.

      .    Registration Statement No. 333-63049 covering $800,000,000 aggregate
           principal amount of debt securities.

      .    Registration Statement No. 33-1623 covering $500,000,000 aggregate
           principal amount of debt securities.

      .    Registration Statement No. 33-13962 covering $500,000,000 aggregate
           principal amount of debt securities.

   Form S-8:

      .    Registration Statement No. 33-20608 covering the Ryder System
           Employee Stock Purchase Plan.

      .    Registration Statement No. 33-4333 covering the Ryder Employee
           Savings Plan.

      .    Registration Statement No. 1-4364 covering the Ryder System Profit
           Incentive Stock Plan.

      .    Registration Statement No. 33-69660 covering the Ryder System, Inc.
           1980 Stock Incentive Plan.

      .    Registration Statement No. 33-37677 covering the Ryder System UK
           Stock Purchase Scheme.

      .    Registration Statement No. 33-63990 covering the Ryder System, Inc.
           Directors' Stock Plan.

      .    Registration Statement No. 33-58001 covering the Ryder System, Inc.
           Employee Savings Plan A.

      .    Registration Statement No. 33-58003 covering the Ryder System, Inc.
           Employee Savings Plan B.

      .    Registration Statement No. 33-61509 covering the Ryder System, Inc.
           Stock for Merit Increase Replacement Plan.


                                                          EXHIBIT 15 (continued)


      .    Registration Statement No. 33-62013 covering the Ryder System, Inc.
           1995 Stock Incentive Plan.

      .    Registration Statement No. 333-19515 covering the Ryder System, Inc.
           1997 Deferred Compensation Plan.

      .    Registration Statement No. 333-26653 covering the Ryder System, Inc.
           Board of Directors Stock Award Plan.

      .    Registration Statement No. 333-57593 covering the Ryder System, Inc.
           Stock Purchase Plan for Employees.

      .    Registration Statement No. 333-57595 covering the Ryder System, Inc.
           1995 Stock Incentive Plan.


/S/ KPMG LLP

Miami, Florida
August 7, 2001