Losses at Thame, Oxon-based Interoute Transport Services deepened last year, as its turnover dropped 7.4% from £4.6m to £4.3m.
For the year ended 31 December 2008, Interoute saw a £248,191 loss, compared with a £79,030 loss in 2007.
The firm declined to comment, but the directors' statement cites "margin sacrifice in response to market conditions and volatile bulk fuel prices" as impacting on the figures.