Transmissions over a unidirectional optical fiber coupling multiple nodes are compensated for temperature-induced effects. A round-trip delay time is determined for a signal sent from a first node to travel around the unidirectional optical fiber loop and be received back at the first node. That measured round-trip delay time is then used to account for temperature-induced effects on signal transmissions over the unidirectional optical fiber loop. This temperature compensation is particularly beneficial in applications that require a high level of timing accuracy.