The Memphis, TN-based trucking subsidiary of Veltex Corp. plans to add 20 trucks this month and 40 more by the end of the year to meet growing demand, the company announced in a statement today.

After the purchases, the company will have a fleet of 106 trucks, but it plans to add even more, including 100 additional vehicles by the end of the first quarter of 2003.

The purchases are being made to keep up with increasing demand, according to Andrew Friedel, president and COO of Veltex Corp.'s trucking subsidiary, Veltex Transportation, formerly known as MultiModal Transportation.

"We're seeing lots of demand," Friedel said. "Our ability to track and re-route our trucks on the fly is a real bonus."