EXHIBIT 21.1

     The following list sets forth (i) all subsidiaries of Ryder System, Inc. as of December 31, 2002, (ii) the state or country of incorporation or organization of each subsidiary, and (iii) the names under which certain subsidiaries do business.

	State or Country of
Name of Subsidiary	Incorporation or Organization
1318359 Ontario Limited(1) Ascent-Global Logistics Pte Ltd. Ascent Logistics (Taiwan) Company Ltd. Associated Ryder Capital Services, Inc. CRTS, S.A. Far East Freight, Inc. Globe Master Insurance Company Mitchell Self Drive Limited Network Vehicle Central, Inc. Phaseking Limited Road Master, Limited RSI Acquisition Corp. RSI Holding B.V. RSI Purchase Corp. RTR Leasing I, Inc. RTR Leasing II, Inc. Ryder Airport Operations Corp. Ryder Argentina S.A. Ryder-Ascent Logistics Pte Ltd. Ryder Asia Pacific Pte Ltd. Ryder Australia Pty Ltd. Ryder Capital Ireland Ryder Capital Ireland Holdings I LLC Ryder Capital Ireland Holdings II LLC Ryder Capital S.A. de C.V. Ryder Capital Services Corporation Ryder Consulting Services (Shanghai) Co., Ltd. RYDERCORP RYDERCORP, Inc. Ryder de Mexico S.A. de C.V. Ryder Dedicated Capacity, Inc. Ryder Dedicated Logistics, Inc. Ryder Deutschland GmbH Ryder Distribution Services Limited Ryder do Brasil, Ltda. Ryder Driver Leasing, Inc. Ryder Energy Distribution Corporation Ryder Europe B.V. Ryder FleetProducts.com, Inc. Ryder Funding LP Ryder Funding II LP Ryder Holding, LLC Ryder Hungary Logistics LLC Ryder, Inc. of Florida Ryder Integrated Logistics, Inc.(2)(3)	Canada Singapore Taiwan Florida Mexico Florida Vermont England Florida England Bermuda Delaware Netherlands Delaware Delaware Delaware Florida Argentina Singapore Singapore Australia England Delaware Delaware Mexico Delaware China Florida Delaware Mexico Tennessee Delaware Germany England Brazil Florida Florida Netherlands Tennessee Delaware Delaware Delaware Hungary Florida Delaware

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	State or Country of
Name of Subsidiary	Incorporation or Organization
Ryder International Acquisition Corp.	Florida
Ryder International, Inc.	Florida
Ryder Logistics Ltda.	Brazil
Ryder Mexicana, S.A. de C.V.	Mexico
Ryder Offshore Holdings I LLC	Delaware
Ryder Offshore Holdings II LLC	Delaware
Ryder Offshore Holdings LP	Delaware
Ryder Pension Fund Limited	England
Ryder Plc	England
Ryder Polska Sp. zo. o.	Poland
Ryder Puerto Rico, Inc.	Delaware
Ryder Purchasing LLC	Delaware
Ryder Realty, Inc.	Delaware
Ryder Receivable Funding, L.L.C.	Florida
Ryder Services Corporation(4)	Florida
Ryder Servicios do Brasil Ltda.	Brazil
Ryder Servicios S.A. de C.V.	Mexico
Ryder Singapore Pte Ltd.	Singapore
Ryder Sistemas Integrados de Logistica Limitada(5)	Chile
Ryder St. Louis Redevelopment Corporation	Missouri
Ryder Sweden AB	Sweden
Ryder System B.V.	Netherlands
Ryder System Holdings (UK) Limited	England
Ryder System Limited	England
Ryder Truck Rental, Inc.(6)	Florida
Ryder Truck Rental I LLC	Delaware
Ryder Truck Rental II LLC	Delaware
Ryder Truck Rental III LLC	Delaware
Ryder Truck Rental IV LLC	Delaware
Ryder Truck Rental I LP	Delaware
Ryder Truck Rental II LP	Delaware
Ryder Truck Rental Canada Ltd.(7)	Canada
Ryder Truck Rental LT	Delaware
Ryder Truckstops, Inc.	Florida
Ryder Vehicle Lease Trust 1998-A	Delaware
Ryder Vehicle Lease Trust 1999-A	Delaware
Ryder Vehicle Lease Trust 2001-A	Delaware
Spring Hill Integrated Logistics Management, Inc.	Delaware
Surplus Property Holding Corp.	Florida
Tandem Transport, L.P.	Georgia
Translado Americanos	Mexico
TTR Logistics, LLC	Delaware
Truck Transerv, Inc.	Delaware
Unilink Contract Hire Limited	England
UniRyder Limited	England
Westside Corporate Center, Inc.	Florida

(1)	Ontario, Canada: d/b/a Ryder Grocery Services
(2)	California, Delaware, Iowa, North Dakota, North Carolina, Virginia, Texas, Utah: d/b/a Triangle Services Corporation

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(3)	Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Virginia and Washington: d/b/a LogiCorp.
	Florida: d/b/a UniRyder
(4)	Ohio and Texas: d/b/a Ryder Claims Services Corporation
(5)	Chile: d/b/a Ryder Chile Limitada
(6)	Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming: d/b/a Ryder Transportation Services
	Maryland and Virginia: d/b/a Ryder/Jacobs
	Michigan: d/b/a Atlas Trucking, Inc.
	Michigan: d/b/a Ryder Atlas of Western Michigan
(7)	French Name: Location de Camions Ryder du Canada Ltee.

 Canadian Provinces: Ryder Integrated Logistics
Ryder Dedicated Logistics
Ryder Canada

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