press release

Ryder Names ChevronTexaco Global Lubricants Sole Coolant/Antifreeze Supplier

This is news concerning ChevronTexaco but issued by a ChevronTexaco subsidiary, ChevronTexaco Global Lubricants, and archived here for record purpose.

SAN RAMON, Calif., Oct. 21, 2002 -- ChevronTexaco Global Lubricants (CTGL) today announced that it is now the sole supplier of coolants/antifreeze for Ryder Transportation Services (RTS), trucking operations in the United States and Canada. RTS is a division of Ryder Systems Inc.

Chevron Delo™ Extended Life Coolant/AntiFreeze (Delo ELC) is slated for use in all factory fill and service fill applications on diesel powered vehicles owned or maintained by Ryder Transportation Services. Additionally, Ryder will specify that original equipment manufacturers it works with, such as Kenworth, Peterbilt, Mack, and International, factory fill with Delo ELC.

"ChevronTexaco offers one of the most technologically advanced coolants available on the market," said Jerry Thrift, group director of maintenance services, Ryder Systems, Inc. "We work hard to be the best and we can count on ChevronTexaco's superior products and excellent service to help us continue building on our successful history."

"We currently use ChevronTexaco diesel engine oils and we believe that has helped us extend our engines' oil drain intervals and reduce our costs significantly over the course of our relationship. That type of support and those types of results are invaluable to us and all of our customers. It is not a fluke that Ryder is a leader in the transportation industry," said Thrift.

"We have worked with Ryder since 1998 and our relationship is based on quality, trust and excellent service," said Craig Duncan, vice president, North America Lubricants ChevronTexaco. "We are excited to expand the great work we've started and look forward to helping Ryder succeed in its own business endeavors."

Delo ELC Customer Benefits

  • The long life inhibitors do not deplete, unlike those in many other types of coolant
  • No need for supplemental coolant additives (SCA),
  • Better heat transfer than conventional coolants requiring SCA,
  • Superior protection in high operating temperatures,
  • 300,000 miles on-road use (three years or 6,000 hours of off-road use) expected on initial fill,
  • Additional 300,000 miles on-road use (three years or 6,000 hours of off-road use) expected when Delo Extender is added.

About ChevronTexaco Global Lubricants

ChevronTexaco Global Lubricants (CTGL) is a division of a wholly owned subsidiary of ChevronTexaco Corporation. Headquartered in San Ramon, California, CTGL is a developer and marketer of technologically advanced lubrication products, coolant products and value-added services for a variety of consumer, commercial and industrial applications.

The company has extensive research and development laboratories in Ghent, Belgium and Richmond, California that continue to develop breakthrough coolant technology and have earned several patents. The laboratories are supported by a research facility in Beacon, N.Y. and three additional technology centers throughout the world.

The Delo product line is the only brand to receive the Lubricants World Product of the Year Award for two consecutive years, 1999 and 2000, and the Annual Automotive Product Award in 2001. Jim Mc Geehan, manager of engine oil technology for CTGL, also received Lubricants World's 2002 Person of the Year Recognition.

About Ryder

Ryder provides leading-edge logistics, supply chain and transportation management solutions worldwide. Ryder's product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, consulting, lead logistics management services and e-Business solutions that support customers' entire supply chains, from inbound raw materials and parts through distribution and delivery of finished goods. Ryder serves customer needs throughout North America, in Latin America, Europe and Asia.

The National Safety Council selected Ryder to receive the 2002 Green Cross for Safety Medal - its highest honor - for exemplary commitment to workplace safety and corporate citizenship. For the sixth consecutive year, Ryder was featured in the 2002 Fortune Most Admired Companies survey of corporate reputations. Forbes named Ryder to its "Magnetic 40" as "Best in Transportation and Logistics" for creating a "network of partnerships that can spur growth, innovation and most important, serve customers better." InternetWeek named Ryder as one of the top 100 U.S. companies for effectiveness in using the Internet to achieve tangible business benefits. For the fifth consecutive year, Inbound Logistics recognized Ryder in 2002 as the top third-party logistics provider.

Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. With 2001 revenue of $5.01 billion, Ryder ranks 341st on the Fortune 500 and 326th on Barron's 500. For more information on Ryder System, Inc., visit

Cautionary Statement Relevant to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995.

This news release contains forward-looking statements that are based on management's current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, ChevronTexaco undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Updated: October 2002