Sector

Transport og lagring

32 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2022 · Morning class Small

Morning class Small · 2022
#	Company	Profile	Score	Change
1	Hts Mosjøen AS	Leader	95	–
2	Ama Andersen AS	Sprinter	75	–
3	Alliance Transport og Spedisjon AS	Leader	73	–
4	Frigocare Aalesund AS	Leader	62	–
5	Tommy Haugen Transport AS	Steward	61	–
6	3P Logistikk AS	Steward	53	–
7	Midt-Troms Transport AS	Steward	52	–
8	Kongsberg Tur og Transport AS	Sprinter	42	–
9	Akkord Drive AS	Sprinter	35	–
10	Easyteach Norway AS	Sprinter	29	–
11	Ålesund Container Transport AS	Builder	17	–
12	Christiansand Taxi AS	Builder	0	–

Download as CSV (opens in Excel)

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 Small

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2022 · Morning class Small

The five largest companies account for 37% of the sector's revenue. Combined profit before tax for the 12 ranked companies: 47 MNOK.

Highest revenue

Frigocare Aalesund AS 41 MNOK
Alliance Transport og Spedisjon AS 29 MNOK
3P Logistikk AS 27 MNOK
Kongsberg Tur og Transport AS 23 MNOK
Christiansand Taxi AS 22 MNOK

Operating revenue.

Highest operating margin

Operating result divided by operating revenue.

Largest profit

Ama Andersen AS 34 MNOK
Frigocare Aalesund AS 6 MNOK
Hts Mosjøen AS 3 MNOK
Kongsberg Tur og Transport AS 2 MNOK
Alliance Transport og Spedisjon AS 2 MNOK

Profit before tax.

Largest loss

Christiansand Taxi AS −2 MNOK
Ålesund Container Transport AS −1 MNOK

Profit before tax, the largest negative.

Most solid

Hts Mosjøen AS 72.3%
Alliance Transport og Spedisjon AS 52.3%
Tommy Haugen Transport AS 50.7%
3P Logistikk AS 48.0%
Midt-Troms Transport AS 47.4%

Equity ratio: equity divided by total assets.

Fastest growth

No company meets the requirement this year.

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

No company meets the requirement this year.

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Alliance Transport og Spedisjon AS 4.8 MNOK
Frigocare Aalesund AS 3.1 MNOK
3P Logistikk AS 1.9 MNOK
Ålesund Container Transport AS 1.7 MNOK
Hts Mosjøen AS 0.9 MNOK

Only companies with at least 5 employees.

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.

Quadrant analysis

Positions in the sector · 2022 · Morning class Small

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.

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	In 2021 (profitability / solidity)
Ama Andersen AS	Cheetah	100	43	–
Hts Mosjøen AS	Lion	91	100	–
Frigocare Aalesund AS	Lion	77	52	–
Kongsberg Tur og Transport AS	Cheetah	68	33	–
Alliance Transport og Spedisjon AS	Lion	64	90	–
Easyteach Norway AS	Cheetah	59	5	–
Akkord Drive AS	Cheetah	50	14	–
3P Logistikk AS	Elephant	36	71	–
Tommy Haugen Transport AS	Elephant	23	81	–
Midt-Troms Transport AS	Elephant	23	62	–
Ålesund Container Transport AS	Beaver	9	24	–
Christiansand Taxi AS	Beaver	0	0	–

The sector in numbers

Summary · fiscal year 2022 · Morning class Small

The sector's median operating margin is 5.9%. 2 of 23 companies have negative equity. The median equity ratio is 43.8%.

Companies with accounts23

Total revenue428 MNOK

Median operating margin5.9%

Median equity ratio43.8%

Share with a loss35%

Share with negative equity9%

All figures are for fiscal year 2022. Ranked: 12 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Growth is not included in the index: it needs the previous year's accounts.

Climbers and fallers · Morning class Small

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Awards · 2022 · Morning class Small

Most profitableAma Andersen AS39.4%

Strongest balance sheetHts Mosjøen AS72.3%

Largest revenueFrigocare Aalesund AS41 MNOK

Highest revenue per employeeAlliance Transport og Spedisjon AS4.8 MNOK

Needs attention · 2022 · Morning class Small

14 companies show at least one warning sign. Showing the 14 most important.

criticalChristiansand Taxi ASNegative equity · Current ratio below 1 (0.47) · Loss before tax
criticalKOKELV TRANSPORT & Maskin ASNegative equity · Current ratio below 1 (0.81) · Loss before tax
watchAgder Maskintransport ASVery low equity ratio (1.9%) · Current ratio below 1 (0.74) · Loss before tax
watchÅlesund Container Transport ASVery low equity ratio (6.8%) · Current ratio below 1 (0.90) · Loss before tax
watchEasyteach Norway ASVery low equity ratio (5.3%) · Current ratio below 1 (0.87)
watchNbd Concept ASVery low equity ratio (5.5%) · Current ratio below 1 (0.76)
watchKnuts Transport ASVery low equity ratio (6.5%) · Current ratio below 1 (0.91)
watchMove Transportservice ASCurrent ratio below 1 (0.53) · Loss before tax
watchKongsberg Tur og Transport ASCurrent ratio below 1 (0.81)
watchNordland Personbefordring ASLoss before tax
watchHeggeriset Lastebiltransport ASLoss before tax
watchAkkord Drive ASVery low equity ratio (5.3%)
watchPowrtime Transport ASVery low equity ratio (5.1%)
watchPA Logistikk ASLoss before tax

Sector map · 2022 · Morning class Small

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
Hts Mosjøen AS	19.2%	72.3%	15 MNOK
Ama Andersen AS	39.4%	43.4%	15 MNOK
Alliance Transport og Spedisjon AS	5.7%	52.3%	29 MNOK
Frigocare Aalesund AS	13.2%	44.2%	41 MNOK
Tommy Haugen Transport AS	1.4%	50.7%	20 MNOK
3P Logistikk AS	5.3%	48.0%	27 MNOK
Midt-Troms Transport AS	2.4%	47.4%	14 MNOK
Kongsberg Tur og Transport AS	10.2%	13.9%	23 MNOK
Akkord Drive AS	6.1%	5.3%	12 MNOK
Easyteach Norway AS	6.2%	5.3%	16 MNOK
Ålesund Container Transport AS	−3.3%	6.8%	15 MNOK
Christiansand Taxi AS	−8.8%	−91.9%	22 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2026, with a median operating margin of 0.2%.

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	5.5%	17.7%
2023	4.3%	32.9%
2024	4.2%	32.2%
2025	4.0%	31.4%
2026 · weakest year	0.2%	19.3%

In 2026, 3 ranked companies did better than the sector, 0 about the same and 3 weaker.

Held up best in 2026

1Circle K Transport ASequity ratio 18.4%4.7%
2Aimo Park Norway ASequity ratio 20.3%4.1%
3FREJA TRANSPORT & Logistics ASequity ratio 21.1%4.1%

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.

Export price of crude oil (kr per fat)

Latest value: 1,069 (2026M09)

Export price of crude oil fell 17.6% in 2025; the sector's median operating margin fell 0.2 percentage points.

Export price of crude oil per year and the sector's median operating margin
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	–	5.5%	4.3%	4.2%	4.0%	0.2%

Source: SSB (08799, CC BY 4.0). Source · fetched 1 November 2026

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 0.2 percentage points.

Consumer price index per year and the sector's median operating margin
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	–	5.5%	4.3%	4.2%	4.0%	0.2%

Source: SSB (14710, CC BY 4.0). Source · fetched 1 November 2026

Policy rate (prosent)

Latest value: 4.30 (2026-09)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.2 percentage points.

Policy rate per year and the sector's median operating margin
Measure	2021	2022	2023	2024	2025	2026
Policy rate, annual average	0.08	1.32	3.54	4.50	4.30	4.14 (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	−0.16 percentage points
Sector's median operating margin	–	5.5%	4.3%	4.2%	4.0%	0.2%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026

When export price of crude oil fell in 2025, 557 of 1,162 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”.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085. 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

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
Saga Aviation AS 923801790 Voluntary liquidation · 31 October 2026
Syla Bil AS 918602216 Voluntary liquidation · 31 October 2026
Ad-Frakt AS 996557677 Voluntary liquidation · 30 October 2026 · 1 MNOK (2025)
Equinox Invest AS 913130235 Voluntary liquidation · 30 October 2026
Gorich AS 830225382 Bankruptcy · 30 October 2026 · 0 MNOK (2025)

All bankruptcies and liquidations in the sector

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