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Chevron's Delo(R) Advantage Selected by Penske Truck Leasing as Sole North American Lubricant Supplier.


SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:

Argentina
  • San Ramón de la Nueva Orán, a city
Costa Rica
  • San Ramón, Costa Rica, the municipality of San Ramón
, Calif. -- Chevron Products Company announced Penske Truck Leasing Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A global transportation services provider, Penske operates over 216,000 vehicles and serves customers from more than 1,000 locations in North America, South  selected the company as its sole North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 lubricant supplier. Penske Truck Leasing, one of the largest transportation services companies, will entrust the lubrication lubrication, introduction of a substance between the contact surfaces of moving parts to reduce friction and to dissipate heat. A lubricant may be oil, grease, graphite, or any substance—gas, liquid, semisolid, or solid—that permits free action of  needs of over 200,000 class 6-8 trucks, operating in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , to the Chevron Delo brand. Penske Truck Leasing will use members of the Chevron Delo product family, including its flagship Delo[R] 400 Multigrade SAE 15W-40 engine oil.

"We feel privileged and honored to be selected as Penske Truck Leasing's lubrication supplier," commented Tony Arado, Chevron's manager of commercial and industrial direct sales. "We believe our lubrication technology and product performance can help improve Penske's already impressive results regarding equipment life, uptime and profitability."

Under the agreement, Chevron will provide Delo lubricants, solutions and market knowledge to over 700 Penske Truck Leasing locations across North America.

"We considered many factors in selecting Chevron as our lubricants supplier," said Marc Althen, Senior Vice President, Administration & Facilities, Penske Truck Leasing. "We needed a supplier that has proven the quality of its products on the road and the ability to provide exceptional service levels. We also sought a supplier with expertise related to the complicated issues surrounding the new emissions regulations."

"Penske makes this choice at a time when the transportation industry is looking to suppliers for added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:

Added Value = Sales - Purchases - Labour Costs - Capital Costs
 in the form of reduced operating costs and expert consultancy -- Chevron people and products have a long history and proven track record of helping customers successfully address their fleet maintenance goals and objectives," stated Mike Dargento, global commercial sector manager for Chevron.

About Penske Truck Leasing

Penske Truck Leasing., LP., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation provider, Penske operates more than 216,000 vehicles and serves customers from over 1,000 locations in North America, South America, Europe and Asia. Penske's products include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management and supply chain management solutions. Visit www.GoPenske.com to learn more about its products and services.

About Chevron Products Company

Chevron Products Company is a division of a wholly-owned subsidiary of the Chevron Corporation (NYSE NYSE

See: New York Stock Exchange
:CVX CVX ChevronTexaco (stock symbol)
CVX Comunidad de Vida Cristiana (Christian Life Community)
CVX Code Veronica X (game)
CVX Critical Viscosity of Xenon
CVX Carrier, Experimental
). The company markets a full line of lubrication and coolant coolant (kōō´lnt),
n
 products under the Chevron, Texaco and Caltex brand names.

Select brands include Delo[R], Ursa[R], Havoline[R] and Revtex[R] brand names. Chevron Products Company owns patented technology in advanced lubricants products, new generation base oil technology and coolants.

Headquartered in San Ramon, CA, Chevron Products Company, together with its Chevron affiliates worldwide, is ranked among the top three global marketers of lubricants and is active in more than 180 countries.

For more information, go to: www.chevron.com
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 2, 2006
Words:458
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