Extrans and TAM launch GSA joint venture
08 / 04 / 2024
Photo: ExTrans
Hong Kong-headquartered logistics company Extrans Global has partnered with fellow Hong-based GSSA TAM Group to establish a joint venture (JV) that “aims to provide cargo transportation services with expertise in General Sales Agent (GSA) distribution”.
The South Korea-based JV, TamEx was launched on April 1. The companies plan to expand the GSA business through strategic cooperation based on TAM Group’s global network and Extrans Global’s sales.
The JV’s chief executive position will alternate between the two companies every two years, with Lee Sang-ho, chief executive of Extrans Global, first taking up the role.
On March 21, an opening ceremony was held at the Extrans Korea office, attended by executives from both companies.
Extrans Global operates 15 branch offices in seven countries worldwide. The company’s business areas include freight forwarding, CFS logistics, 3PL, warehouse operations, and cross-border transportation.
TAM Group, established in 1977, currently has 27 branch offices in 10 countries globally. The business is divided into passenger, cruise, and cargo services, providing GSA services for airlines such as Air India, Saudi Airlines, Latam Cargo, and Air China Cargo.
