Transport og lagring
FollowDownload sector report (PDF)1,642 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology
Ranking · 2024 · Morning class Large
The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode
Biggest moves · Morning class Large
- Unibuss AS+45
From 2023 to 2024: the operating margin rose from −27.0% to 4.8% and the equity ratio rose from −4.3% to 18.0%.
- Widerøe's Flyveselskap AS+35
From 2023 to 2024: went from a loss to a profit before tax and the operating margin rose from −1.9% to 5.2%.
- Wilhelmsen Ships Service AS−33
From 2023 to 2024: the equity ratio fell from 36.1% to 7.4% and the operating margin fell from 11.8% to 5.2%.
- Helthjem Netthandel AS+31
From 2023 to 2024: went from a loss to a profit before tax and revenue grew by 45%.
Top lists in the sector · 2024 · Morning class Large
The five largest companies account for 36% of the sector's revenue. Combined profit before tax for the 79 ranked companies: 1,617 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Norwegian Air Shuttle Aoc ASsubsidiary of Norwegian Air Shuttle ASA 14,864 MNOK
- Posten Bring AS 14,034 MNOK
- Avinor AS 10,877 MNOK
- Vygruppen AS 7,200 MNOK
- Widerøe's Flyveselskap ASsubsidiary of Widerøe AS 6,498 MNOK
Operating revenue.
Most employees
- Posten Bring AS 10,033
- Tide Buss AS 3,859
- Connect Bus Norge AS 2,553
- Avinor AS 2,548
- Vygruppen AS 2,485
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Inchcape Shipping Services AS 33.6 MNOK
- Viking Redningstjeneste AS 31.1 MNOK
- Dfds Logistics AS 30.0 MNOK
- Air Cargo Logistics AS 24.1 MNOK
- Cabonline Norge AS 20.0 MNOK
Only companies with at least 5 employees.
Profit and balance
Who earns the most, who loses the most, and who has the strongest balance sheet.
Highest operating margin
- Norwegian Air Shuttle ASA 140.8%
- Clarksons Norway AS 33.2%
- Fearnleys A/S 21.6%
- Gunnar Knutsen AS 12.7%
- LKAB Norge AS 10.8%
Operating result divided by operating revenue.
Largest profit
- Norwegian Air Shuttle ASA 1,663 MNOK
- Wilhelmsen Ships Service AS 418 MNOK
- Clarksons Norway AS 391 MNOK
- Widerøe's Flyveselskap ASsubsidiary of Widerøe AS 266 MNOK
- Fearnleys A/S 229 MNOK
Profit before tax.
Largest loss
- Norse Atlantic Airways AS −746 MNOK
- Norwegian Air AS −734 MNOK
- Norwegian Air Shuttle Aoc ASsubsidiary of Norwegian Air Shuttle ASA −678 MNOK
- Go-Ahead Norge AS −248 MNOK
- Postnord AS −245 MNOK
Profit before tax, the largest negative.
Most solid
- Dfds Logistics AS 97.5%
- Sos Veihjelp AS 78.9%
- VY Tog ASsubsidiary of Vygruppen AS 66.6%
- Höegh Evi AS 61.5%
- Cabonline Norge AS 59.2%
Equity ratio: equity divided by total assets.
Growth and movement
Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.
Fastest growth
- Tide Horisont AS +1,069.5%
- Cabonline Norge AS +907.6%
- Posten Bring Bildrift AS +185.9%
- Helthjem Distribusjon Vest AS +104.0%
- Ccb AS +97.6%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Collicare Logistics AS −56.4%
- Norwegian Air AS −41.8%
- Go-Ahead Norge AS −36.1%
- Air Cargo Logistics AS −9.2%
- Fearnleys A/S −6.0%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Unibuss ASsubsidiary of Sporveien AS +45.5 points
- Widerøe's Flyveselskap ASsubsidiary of Widerøe AS +35.2 points
- Helthjem Netthandel AS +31.4 points
- Norwegian Air Shuttle ASA +29.6 points
- Cargonet ASsubsidiary of Vygruppen AS +20.4 points
Change in index points from the year before.
Biggest fallers
- Wilhelmsen Ships Service AS −33.0 points
- Thermo-Transit Norge AS −26.9 points
- Norwegian Air AS −25.6 points
- Posten Bring Bildrift AS −24.5 points
- Connect Bus Norge AS −22.4 points
Change in index points from the year before.
The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.
Positions in the sector · 2024 · Morning class Large
Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.
Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).
- Norwegian Air AS profitability 88 → 13, solidity 70 → 87
- Posten Bring Bildrift AS profitability 61 → 62, solidity 80 → 5
- Unibuss AS profitability 2 → 58, solidity 0 → 41
- Wilhelmsen Ships Service AS profitability 85 → 66, solidity 77 → 12
- Norwegian Air Shuttle ASA profitability 11 → 77, solidity 85 → 88
Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
Summary · fiscal year 2024 · Morning class Large
The sector's median operating margin is 1.6%. 2 of 84 companies have negative equity. The median equity ratio is 21.6%.
All figures are for fiscal year 2024. Ranked: 84 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
The total counts each group once: 5 subsidiaries (12,956 MNOK in revenue) are left out of totals and size lists because their parent in the sector has at least as much revenue, so their sales can run through the parent. They are ranked as usual. Methodology
- 1 company reports in another currency. Its revenue is converted at the mean rate for the accounting period and makes up 2% of the total.
Climbers and fallers · Morning class Large
Change in rank from 2023 to 2024, for 67 companies ranked in both years.
Climbers
- 38Widerøe's Flyveselskap ASfrom rank 62 to 2460
- 32Norwegian Air Shuttle ASAfrom rank 43 to 1173
- 25Unibuss ASfrom rank 67 to 4250
- 17DSV AIR & Sea ASfrom rank 33 to 1669
- 17Helthjem Netthandel ASfrom rank 64 to 4748
Fallers
- 42Wilhelmsen Ships Service ASfrom rank 7 to 4944
- 38Thermo-Transit Norge ASfrom rank 12 to 5044
- 38Norwegian Air ASfrom rank 27 to 6533
- 38Posten Bring ASfrom rank 35 to 7330
- 33Widerøe Ground Handling ASfrom rank 37 to 7032
Awards · 2024 · Morning class Large
Needs attention · 2024 · Morning class Large
48 companies show at least one warning sign. Showing the 15 most important.
- criticalNorse Atlantic Airways ASNegative equity · Current ratio below 1 (0.49) · Loss before tax
- criticalGo-Ahead Norge ASNegative equity · Current ratio below 1 (0.45) · Loss before tax
- watchNorwegian Air Shuttle Aoc ASVery low equity ratio (4.1%) · Loss before tax
- watchPosten Bring ASCurrent ratio below 1 (0.97) · Loss before tax
- watchVY Buss ASCurrent ratio below 1 (0.64) · Loss before tax
- watchPostnord ASCurrent ratio below 1 (0.73) · Loss before tax
- watchKUEHNE + Nagel ASVery low equity ratio (3.1%) · Current ratio below 1 (0.92)
- watchNorwegian Air ASCurrent ratio below 1 (0.23) · Loss before tax
- watchConnect Bus Norge ASCurrent ratio below 1 (0.86) · Loss before tax
- watchSporveien T-Banen ASCurrent ratio below 1 (0.69) · Loss before tax
- watchOnepark ASVery low equity ratio (9.9%) · Current ratio below 1 (0.72)
- watchBoreal Buss ASCurrent ratio below 1 (0.92) · Loss before tax
- watchSporveien Trikken ASCurrent ratio below 1 (0.78) · Loss before tax
- watchNor Lines Norway ASVery low equity ratio (7.0%) · Loss before tax
- watchCollicare Logistics ASVery low equity ratio (8.5%) · Current ratio below 1 (0.55)
Sector map · 2024 · Morning class Large
Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.
Show the map's figures as a table
| Company | Operating margin | Equity ratio | Revenue |
|---|---|---|---|
| Cabonline Norge AS | 5.2% | 59.2% | 540 MNOK |
| Höegh Evi AS | 5.3% | 61.5% | 504 MNOK |
| Norsea Logistics AS | 9.8% | 59.0% | 1,223 MNOK |
| Bring Cargo AS | 6.6% | 52.4% | 1,315 MNOK |
| Sos Veihjelp AS | 3.2% | 78.9% | 519 MNOK |
| DHL GLOBAL FORWARDING (NORWAY) AS | 2.3% | 46.6% | 1,121 MNOK |
| Jas Worldwide Norway AS | 0.8% | 51.6% | 1,624 MNOK |
| Dfds Logistics AS | 4.9% | 97.5% | 989 MNOK |
| DHL EXPRESS (NORWAY) AS | 5.6% | 41.0% | 1,489 MNOK |
| Gunnar Knutsen AS | 12.7% | 23.8% | 530 MNOK |
| Norwegian Air Shuttle ASA | 140.8% | 43.9% | 932 MNOK |
| Axess Logistics AS | 6.4% | 43.3% | 847 MNOK |
| B.H. Ramberg AS | 3.0% | 43.9% | 634 MNOK |
| Aimo Park Norway AS | 4.6% | 30.1% | 816 MNOK |
| Ccb AS | 8.3% | 20.7% | 1,710 MNOK |
| DSV AIR & Sea AS | 4.7% | 26.9% | 1,989 MNOK |
| Trønder Taxi AS | 3.5% | 25.1% | 970 MNOK |
| Bring Intermodal AS | 3.0% | 42.7% | 920 MNOK |
| LKAB Norge AS | 10.8% | 35.7% | 1,019 MNOK |
| Nortransport AS | 1.6% | 30.8% | 589 MNOK |
| VY Tog AS | 0.2% | 66.6% | 1,190 MNOK |
| Clarksons Norway AS | 33.2% | 33.7% | 889 MNOK |
| Taxisentralen i Bergen AS | 0.9% | 37.3% | 717 MNOK |
| Widerøe's Flyveselskap AS | 5.2% | 23.7% | 6,498 MNOK |
| Flytoget AS | 6.4% | 50.9% | 1,019 MNOK |
| Kingsrød Transport AS | 1.6% | 29.1% | 648 MNOK |
| Taxi 03650 AS | 1.0% | 24.8% | 509 MNOK |
| Asco Norge AS | 1.2% | 25.3% | 836 MNOK |
| Veøy AS | 3.0% | 40.0% | 735 MNOK |
| Sporveien AS | 6.9% | 37.5% | 2,019 MNOK |
| Redgo Norway AS | −1.3% | 35.3% | 580 MNOK |
| Sr Group AS | 2.7% | 22.3% | 686 MNOK |
| Avinor Flysikring AS | −0.7% | 24.4% | 2,388 MNOK |
| UPS Norway AS | 4.3% | 13.9% | 723 MNOK |
| Avinor AS | 9.1% | 28.7% | 10,877 MNOK |
| Viking Redningstjeneste AS | 7.8% | 13.4% | 840 MNOK |
| FREJA TRANSPORT & Logistics AS | 6.9% | 16.1% | 877 MNOK |
| Vygruppen AS | 5.5% | 25.6% | 7,200 MNOK |
| Posten Bring Bildrift AS | 3.0% | 3.3% | 1,446 MNOK |
| Nor-Log AS | 1.7% | 21.8% | 2,060 MNOK |
| Tide Horisont AS | 5.1% | 11.1% | 584 MNOK |
| Unibuss AS | 4.8% | 18.0% | 1,940 MNOK |
| Bristow Norway AS | 0.2% | 14.6% | 2,916 MNOK |
| Helthjem Distribusjon Vest AS | 0.4% | 17.9% | 771 MNOK |
| Onepark AS | 2.8% | 9.9% | 1,757 MNOK |
| Bring Warehousing AS | −6.6% | 26.2% | 529 MNOK |
| Helthjem Netthandel AS | 1.5% | 10.7% | 979 MNOK |
| Toten Transport AS | 1.8% | 21.8% | 536 MNOK |
| Wilhelmsen Ships Service AS | 5.2% | 7.4% | 3,028 MNOK |
| Thermo-Transit Norge AS | −0.9% | 22.6% | 1,730 MNOK |
| Fearnleys A/S | 21.6% | 10.6% | 507 MNOK |
| Nobina AS | −1.6% | 38.6% | 1,539 MNOK |
| Inchcape Shipping Services AS | 0.3% | 3.7% | 840 MNOK |
| Oslo Taxi AS | −1.4% | 21.4% | 539 MNOK |
| Connect Bus Norge AS | −0.7% | 35.7% | 2,409 MNOK |
| Dsv Road AS | 0.4% | 17.5% | 1,525 MNOK |
| Tide Buss AS | 1.6% | 16.1% | 3,564 MNOK |
| Collicare Logistics AS | 5.6% | 8.5% | 676 MNOK |
| Cargonet AS | −17.9% | 36.4% | 1,306 MNOK |
| Foodora Norway AS | −0.1% | 6.9% | 972 MNOK |
| Apcoa Norway AS | 2.3% | 12.4% | 1,286 MNOK |
| Air Cargo Logistics AS | 0.3% | 12.5% | 1,060 MNOK |
| Stödig Crewing II AS | 0.2% | 0.1% | 577 MNOK |
| Bring Home Delivery Norge AS | −9.7% | 13.0% | 580 MNOK |
| Norwegian Air AS | −34.2% | 43.9% | 2,576 MNOK |
| Chc Helikopter Service AS | −5.1% | 21.3% | 2,324 MNOK |
| KUEHNE + Nagel AS | 2.3% | 3.1% | 3,614 MNOK |
| Bring Cargo International Norge AS | −0.3% | 18.0% | 544 MNOK |
| VY Buss AS | 2.2% | 17.0% | 6,131 MNOK |
| Widerøe Ground Handling AS | −3.2% | 17.9% | 1,390 MNOK |
| Norwegian Air Shuttle Aoc AS | 0.8% | 4.1% | 14,864 MNOK |
| Boreal Travel AS | −0.6% | 16.8% | 615 MNOK |
| Posten Bring AS | −0.1% | 17.7% | 14,034 MNOK |
| SAS Ground Handling Norway AS | −1.4% | 14.8% | 1,242 MNOK |
| SJ Norge AS | 0.9% | 0.5% | 1,849 MNOK |
| Collicare Distribution AS | 0.9% | 3.8% | 1,001 MNOK |
| Integra Leasing AS | −4.1% | 19.1% | 780 MNOK |
| Postnord AS | −3.8% | 20.3% | 4,954 MNOK |
| Nor Lines Norway AS | −12.1% | 7.0% | 748 MNOK |
| Sporveien Trikken AS | −2.4% | 17.9% | 1,221 MNOK |
| Sporveien T-Banen AS | −3.4% | 11.6% | 2,408 MNOK |
| Norse Atlantic Airways AS | −13.5% | −38.2% | 3,637 MNOK |
| Boreal Buss AS | −13.0% | 15.6% | 1,255 MNOK |
| Go-Ahead Norge AS | −41.9% | −443.5% | 575 MNOK |
Holding and investment companies · 2024
72 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 29 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | FE Invest AS | 81 | 95.5% | 26.6% | 21.74 | 12 MNOK |
| 2 | A. Mollestad Invest AS | 75 | 99.4% | 12.8% | 116.44 | 13 MNOK |
| 3 | WILH. Wilhelmsen Holding ASA | 74 | 89.9% | 31.6% | 4.91 | 10,919 MNOK |
| 4 | Seafront Holding AS | 74 | 76.2% | 73.5% | 381.87 | 76 MNOK |
| 5 | Ham Holding AS | 71 | 99.1% | 7.8% | 390.13 | 14 MNOK |
| 6 | Nava-Holding AS | 69 | 91.4% | 16.1% | 9.48 | 31 MNOK |
| 7 | Buskerud Anleggstransport Holding AS | 67 | 99.8% | 4.2% | 258.54 | 21 MNOK |
| 8 | Fausko Invest AS | 64 | 94.8% | 9.4% | 20.38 | 125 MNOK |
| 9 | Bjørn Ramberg Invest AS | 63 | 99.0% | 7.6% | 15.15 | 155 MNOK |
| 10 | Reiseliv Holding AS | 59 | 87.0% | 28.2% | 0.56 | 593 MNOK |
| 11 | Get Invest AS | 59 | 85.6% | 16.9% | 1.43 | 40 MNOK |
| 12 | Tirilltoppen Holding AS | 59 | 80.4% | 14.3% | 20.42 | 12 MNOK |
| 13 | Geir Røstad Holding AS | 58 | 99.7% | 1.9% | 7.80 | 32 MNOK |
| 14 | White Invest AS | 58 | 67.4% | 66.9% | 2.45 | 23 MNOK |
| 15 | Ccb Holding AS | 51 | 71.4% | 28.5% | 1.27 | 308 MNOK |
| 16 | Isabel Invest AS | 50 | 85.4% | 6.3% | 86.25 | 13 MNOK |
| 17 | Fritz Karl Pedersen Holding AS | 49 | 62.7% | 18.0% | 4.05 | 81 MNOK |
| 18 | Hågensen Holding Alta AS | 43 | 77.1% | 14.8% | 0.68 | 23 MNOK |
| 19 | Høyskel Holding AS | 42 | 84.5% | 10.8% | 0.99 | 65 MNOK |
| 20 | Fjord Base Holding AS | 42 | 36.1% | 33.2% | 0.76 | 255 MNOK |
Show all 29
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Kokkersvold Holding AS | 41 | 19 MNOK |
| 22 | Alone Holding AS | 36 | 24 MNOK |
| 23 | Wergeland-Holding AS | 34 | 552 MNOK |
| 24 | Utne Holding AS | 32 | 44 MNOK |
| 25 | Collicare Holding AS | 26 | 210 MNOK |
| 26 | Knutsen Nyk LNG Holding AS | 24 | 4,202 MNOK |
| 27 | Toso Invest AS | 21 | 12 MNOK |
| 28 | Nik Haugrønning Holding AS | 17 | 30 MNOK |
| 29 | Misje Ship Holding AS | 11 | 283 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
In our articles
- Property and finance earn the margins, but not the securityNo. 18 of 22 on median operating margin
- Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 9 of 22 on median board age
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 3.0%.
Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2019 | – | – |
| 2020 | – | – |
| 2021 | – | – |
| 2022 · weakest year | 3.0% | 17.0% |
| 2023 | 4.1% | 30.7% |
| 2024 | 3.8% | 30.5% |
| 2025 | 3.8% | 29.8% |
| 2026 | 4.1% | 20.3% |
In 2022, 20 ranked companies did better than the sector, 7 about the same and 12 weaker.
Held up best in 2022
- 1Mcs Oasen ASequity ratio 40.9%57.4%
- 2Friberg Bilberging ASequity ratio 90.8%44.0%
- 3H.J MAURITZEN & Sønn Lastebilutleie ASequity ratio 44.6%42.7%
- 4Ama Andersen ASequity ratio 43.4%39.4%
- 5Falkon Transport ASequity ratio 56.6%32.3%
- 6Kolsrud Services ASequity ratio 46.6%27.0%
- 7Grønn Leveranse ASequity ratio 46.2%25.6%
- 8Hts Mosjøen ASequity ratio 72.3%19.2%
- 9Busstransport ASequity ratio 16.4%18.4%
- 10Tromsø Budbil Sentral ASequity ratio 23.6%17.6%
Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology
Drivers in the sector
Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.
Turnover index: transport and storage (49–53, incl. shipping) (indeks (2021 = 100))
| Measure | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Turnover index: transport and storage (49–53, incl. shipping), annual average | – | – | – | – | – |
| Change from the year before | – | – | – | – | – |
| Sector's median operating margin | 3.0% | 4.1% | 3.8% | 3.8% | 4.1% |
Source: SSB (13863, CC BY 4.0). Source
Export price of crude oil (kr per fat)
Export price of crude oil fell 17.6% in 2025; the sector's median operating margin fell 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Export price of crude oil, annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| Sector's median operating margin | – | 3.0% | 4.1% | 3.8% | 3.8% | 4.1% |
Source: SSB (08799, CC BY 4.0). Source · fetched 4 November 2026
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| Sector's median operating margin | – | 3.0% | 4.1% | 3.8% | 3.8% | 4.1% |
Source: SSB (14710, CC BY 4.0). Source · fetched 4 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| Sector's median operating margin | – | 3.0% | 4.1% | 3.8% | 3.8% | 4.1% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 4 November 2026
When export price of crude oil fell in 2025, 783 of 1,609 ranked companies kept their operating margin at or above the year before. Among the largest: Norwegian Air Shuttle Aoc AS (0.8% → 2.0%), Posten Bring AS (−0.1% → 4.8%), Avinor AS (9.1% → 18.7%), VY Buss AS (2.2% → 3.2%), Norwegian Air AS (−34.2% → 19.2%).
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
The sector in Norway (SSB)
The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.
Enterprises, employment and turnover · 2024
- Enterprises
- 20,701
- −0.1% from 2023
- Persons employed
- 128,218
- +0.2% from 2023
- Turnover
- NOK 335.7 bn
- +7.9% from 2023
- Gross operating margin
- 7.7%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included.
Bankruptcies in the industry
175 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −3.3% against the four quarters before (181). That is about 8.5 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 2.3%
- Share of persons employed
- 19.9%
- Share of turnover
- 24.5%
SSB publishes this for groups of industries only. The figures are for the group “Transport og lagring”.
Turnover index · Transport og lagring
139.7 index, 2021 = 100, seasonally adjusted · 2026M08
+4.3% against 2025M08.
Monthly, 2023M08 to 2026M08.
Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.
Latest bankruptcies and liquidations
- Balder Bulk AS 915644686 Bankruptcy · 2 November 2026 · 321 MNOK (2025)
- Nordisk Taxiselskap AS 934199529 Bankruptcy · 2 November 2026 · 1 MNOK (2025)
- ALPHA TRANSPORT & Import AS 917482772 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Egstad Transport AS 815523962 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Liberty Shipping AS 989039350 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Saga Aviation AS 923801790 Voluntary liquidation · 31 October 2026 · 7 MNOK (2025)
- Syla Bil AS 918602216 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Ad-Frakt AS 996557677 Voluntary liquidation · 30 October 2026 · 1 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 49* | Hele hovedgruppe 49 |
| 49.110 | Passasjertransport med jernbane |
| 49.120 | Passasjertransport med sporvei |
| 49.200 | Godstransport med jernbane |
| 49.310 | Passasjertransport med rutebil |
| 49.320 | Passasjertransport utenom rutetabell |
| 49.330 | Passasjertransport på forespørsel utført av fører med kjøretøy |
| 49.340 | Passasjertransport med kabelbaner og skiheiser |
| 49.390 | Annen landtransport med passasjerer ikke nevnt annet sted |
| 49.410 | Godstransport på vei |
| 49.420 | Flyttetransport |
| 51* | Hele hovedgruppe 51 |
| 51.100 | Lufttransport med passasjerer |
| 51.210 | Lufttransport med gods |
| 51.220 | Romfart |
| 52* | Hele hovedgruppe 52 |
| 52.100 | Lagring |
| 52.211 | Drift av gods- og transportsentraler |
| 52.212 | Drift av parkeringsplasser og parkeringshus |
| 52.219 | Tjenester tilknyttet landtransport ikke nevnt annet sted |
| 52.220 | Andre tjenester tilknyttet sjøtransport |
| 52.230 | Andre tjenester tilknyttet lufttransport |
| 52.240 | Lasting og lossing |
| 52.250 | Logistikktjenester |
| 52.260 | Andre støttetjenester for transport |
| 52.311 | Formidlingstjenester tilknyttet godstransport via skip |
| 52.312 | Formidlingstjenester tilknyttet godstransport via jernbane, luftfartøy eller på vei |
| 52.320 | Formidlingstjenester tilknyttet passasjertransport |
| 53* | Hele hovedgruppe 53 |
| 53.100 | Landsdekkende posttjenester |
| 53.200 | Andre post- og budtjenester |
| 53.300 | Formidlingstjenester tilknyttet post- og budtjenester |