Transport og lagring
FollowDownload sector report (PDF)7 companies ranked against comparable companies in four Morning company classes. Fiscal year 2026. Source: Brønnøysund Register Centre. Methodology
Ranking · 2026 · Morning class Large
Too few companies in this class (5, at least 10 needed) for a ranking of its own. They are compared with the whole sector.
| # | Company | Score | Change |
|---|---|---|---|
| 1 | Aimo Park Norway AS | 68 | +1 |
| 2 | Integra Leasing AS | 62 | +20 |
| 3 | FREJA TRANSPORT & Logistics AS | 59 | +10 |
| 4 | Chc Helikopter Service AS | 25 | −29 |
| 5 | Nobina AS | 12 | −10 |
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
- Chc Helikopter Service AS−29
From 2025 to 2026: went from a profit to a loss before tax and the operating margin fell from 1.8% to −6.6%.
- Integra Leasing AS+20
From 2025 to 2026: the equity ratio rose from 41.4% to 66.8%.
- Nobina AS−10
From 2025 to 2026: the equity ratio fell from 17.2% to −6.0%.
- FREJA TRANSPORT & Logistics AS+10
No large changes in the key figures from 2025 to 2026.
Top lists in the sector · 2026 · Morning class Large
Combined profit before tax for the 5 ranked companies: −294 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Chc Helikopter Service AS 2,415 MNOK
- Nobina AS 1,620 MNOK
- Aimo Park Norway AS 978 MNOK
- FREJA TRANSPORT & Logistics AS 953 MNOK
- Integra Leasing AS 529 MNOK
Operating revenue.
Most employees
- Nobina AS 1,261
- Chc Helikopter Service AS 390
- FREJA TRANSPORT & Logistics AS 203
- Aimo Park Norway AS 141
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Aimo Park Norway AS 6.9 MNOK
- Chc Helikopter Service AS 6.2 MNOK
- FREJA TRANSPORT & Logistics AS 4.7 MNOK
- Nobina AS 1.3 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
- Aimo Park Norway AS 4.1%
- FREJA TRANSPORT & Logistics AS 4.1%
- Integra Leasing AS −3.6%
- Chc Helikopter Service AS −6.6%
- Nobina AS −7.6%
Operating result divided by operating revenue.
Largest profit
- Aimo Park Norway AS 43 MNOK
- FREJA TRANSPORT & Logistics AS 41 MNOK
Profit before tax.
Largest loss
- Chc Helikopter Service AS −215 MNOK
- Nobina AS −140 MNOK
- Integra Leasing AS −22 MNOK
Profit before tax, the largest negative.
Most solid
- Integra Leasing AS 66.8%
- FREJA TRANSPORT & Logistics AS 21.1%
- Aimo Park Norway AS 20.3%
- Chc Helikopter Service AS 9.6%
- Nobina AS −6.0%
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
- Aimo Park Norway AS +8.8%
- FREJA TRANSPORT & Logistics AS +2.3%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Chc Helikopter Service AS −4.1%
- Integra Leasing AS −3.1%
- Nobina AS −1.1%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Integra Leasing AS +19.9 points
- FREJA TRANSPORT & Logistics AS +9.5 points
- Aimo Park Norway AS +0.8 points
Change in index points from the year before.
Biggest fallers
- Chc Helikopter Service AS −28.5 points
- Nobina AS −9.7 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 · 2026 · 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 2025 (small ring).
- Chc Helikopter Service AS profitability 38 → 17, solidity 57 → 8
- Nobina AS profitability 3 → 0, solidity 38 → 0
- Integra Leasing AS profitability 10 → 33, solidity 83 → 100
- FREJA TRANSPORT & Logistics AS profitability 69 → 58, solidity 36 → 63
- Aimo Park Norway AS profitability 71 → 83, solidity 65 → 45
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
| Company | Profile | Profitability | Solidity |
|---|---|---|---|
| Aimo Park Norway AS | Cheetah | 83 | 45 |
| FREJA TRANSPORT & Logistics AS | Lion | 58 | 63 |
| Integra Leasing AS | Elephant | 33 | 100 |
| Chc Helikopter Service AS | Beaver | 17 | 8 |
| Nobina AS | Beaver | 0 | 0 |
Summary · fiscal year 2026 · Morning class Large
The sector's median operating margin is −3.6%. 1 of 5 companies have negative equity. The median equity ratio is 20.3%.
All figures are for fiscal year 2026. Ranked: 5 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers · Morning class Large
Change in rank from 2025 to 2026, for 5 companies ranked in both years.
Climbers
- 79Nobina ASfrom rank 84 to 512
- 60Integra Leasing ASfrom rank 62 to 262
- 47FREJA TRANSPORT & Logistics ASfrom rank 50 to 359
- 37Chc Helikopter Service ASfrom rank 41 to 425
- 14Aimo Park Norway ASfrom rank 15 to 168
Fallers
None.
Awards · 2026 · Morning class Large
Needs attention · 2026 · Morning class Large
4 companies show at least one warning sign. Showing the 4 most important.
- criticalNobina ASNegative equity · Current ratio below 1 (0.67) · Loss before tax
- watchChc Helikopter Service ASVery low equity ratio (9.6%) · Loss before tax
- watchFREJA TRANSPORT & Logistics ASCurrent ratio below 1 (0.82)
- watchIntegra Leasing ASLoss before tax
Sector map · 2026 · 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 |
|---|---|---|---|
| Aimo Park Norway AS | 4.1% | 20.3% | 978 MNOK |
| Integra Leasing AS | −3.6% | 66.8% | 529 MNOK |
| FREJA TRANSPORT & Logistics AS | 4.1% | 21.1% | 953 MNOK |
| Chc Helikopter Service AS | −6.6% | 9.6% | 2,415 MNOK |
| Nobina AS | −7.6% | −6.0% | 1,620 MNOK |
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 |