L.B. Foster Company Announces Extension of Tender Offer for Portec Rail Products, Inc.

PITTSBURGH, March 23, 2010 - L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) today announced that it
is extending its previously announced cash tender offer, through its
wholly-owned subsidiary Foster Thomas Company, for all outstanding shares of
common stock of Portec Rail Products, Inc., until 12:00 midnight, New York
City time, on April 26, 2010. The tender offer was previously set to expire
at midnight, New York City Time, on March 25, 2010.

As of the close of business on March 22, 2010, 1,589,482 shares of common
stock had been tendered in and not withdrawn from the offer. These tendered
shares constituted 16.55% of the outstanding shares of common stock.

About Portec Rail Products, Inc.

Established in 1906, Portec serves both domestic and international rail
markets by manufacturing, supplying and distributing a broad range of rail
products, rail anchors, rail spikes, railway friction management products and
systems, rail joints, railway wayside data collection and data management
systems and freight car securement systems. Portec also manufactures material
handling equipment for industries outside the rail transportation sector
through its United Kingdom operation. Portec operates through its four global
business segments: Railway Maintenance Products (Salient Systems), Shipping
Systems, Portec Rail Nova Scotia Company in Canada (Kelsan friction
management, rail anchor and spike products), and Portec Rail Products, Ltd.
in the UK (material handling and Coronet Rail products). Portec Rail Products
is headquartered in Pittsburgh, PA.

About L.B. Foster Company

L.B. Foster is a leading manufacturer, fabricator and distributor of
products and services for the rail, construction, energy and utility markets
with approximately 30 locations throughout the United States. The Company was
founded in 1902 and is headquartered in Pittsburgh, PA. Please visit our
Website: www.lbfoster.com.

Forward-Looking Statements

This press release contains "forward-looking statements". Such statements
include, but are not limited to, statements about the anticipated timing of
the closing of the transaction involving L.B. Foster and Portec and the
expected benefits of the transaction, including potential synergies and cost
savings, future financial and operating results, and the combined company's
plans and objectives. In addition, statements made in this communication
about anticipated financial results, future operational improvements and
results or regulatory approvals are also forward-looking statements. These
statements are based on current expectations of future events. If underlying
assumptions prove inaccurate or unknown risks or uncertainties materialize,
actual results could vary materially from L.B. Foster's and Portec's
expectations.

Risks and uncertainties include the satisfaction of closing conditions
for the acquisition, including clearance under the Hart-Scott-Rodino
Antitrust Improvements Act; the tender of sixty-five percent of the
outstanding shares of common stock of Portec Rail Products, Inc., calculated
on a fully diluted basis; the possibility that the transaction will not be
completed, or if completed, not completed on a timely basis; the potential
that market segment growth will not follow historical patterns; general
industry conditions and competition; business and economic conditions, such
as interest rate and currency exchange rate fluctuations; technological
advances and patents attained by competitors; and domestic and foreign
governmental laws and regulations. L.B. Foster can give no assurance that any
of the transactions related to the tender offer will be completed or that the
conditions to the tender offer and the merger will be satisfied. A further
list and description of additional business risks, uncertainties and other
factors can be found in Portec's Annual Report on Form 10-K for the fiscal
year ended December 31, 2009, as well as other Portec SEC filings and in L.B.
Foster's Annual Report on Form 10-K for the fiscal year ended December 31,
2009 as well as other L.B. Foster SEC filings. Copies of these filings, as
well as subsequent filings, are available online at www.sec.gov,
www.portecrail.com and www.lbfoster.com. Many of the factors that will
determine the outcome of the subject matter of this communication are beyond
L.B. Foster's or Portec's ability to control or predict. Neither L.B. Foster
nor Portec undertakes to update any forward-looking statements as a result of
new information or future events or developments.

Important Additional Information

The tender offer (the "Offer") described in this press release for all of
the outstanding shares of common stock of Portec has been made pursuant to a
Tender Offer Statement on Schedule TO, containing an offer to purchase, a
letter of transmittal and other documents relating to the Offer (the "Tender
Offer Documents"), which L.B. Foster and Foster Thomas Company, a
wholly-owned subsidiary of L.B. Foster, filed with the Securities and
Exchange Commission (the "SEC") and first mailed to Portec stockholders on
February 26, 2010. Also on February 26, 2010, Portec filed with the SEC a
related Solicitation/Recommendation Statement on Schedule 14D-9 (the
"Solicitation/Recommendation Statement") with the SEC. This press release is
for informational purposes only and does not constitute an offer to purchase
shares of common stock of Portec, nor is it a substitute for the Tender Offer
Documents. Portec stockholders are strongly advised to read the Tender Offer
Documents, the Solicitation/Recommendation Statement and other relevant
materials as they become available, because they contain important
information about the Offer that should be read carefully before any decision
is made with respect to the Offer.

Portec stockholders can obtain copies of these materials (and all other
related documents filed with the SEC), when available, at no charge on the
SEC's website at www.sec.gov. In addition, investors and stockholders will be
able to obtain free copies of the Tender Offer Documents by mailing a request
to: Jeff Kondis, Manager, Corporate Marketing, L.B. Foster Company, 415
Holiday Drive, Pittsburgh, PA 15220, or by email to: jkondis@lbfosterco.com,
and free copies of the Solicitation/Recommendation Statement by mailing a
request to: John N. Pesarsick, Chief Financial Officer, Portec Rail Products,
Inc., 900 Old Freeport Road, Pittsburgh, PA 15238, or by email to:
jpesarsick@portecrail.com. Investors and Portec stockholders may also read
and copy any reports, statements and other information filed by L.B. Foster
or Portec with the SEC, at the SEC public reference room at 100 F Street,
N.E., Washington, DC 20549. Please call the SEC at 1-800-SEC-0330 or visit
the SEC's website for further information on its public reference room.

    Contact information:     David Russo +1-412-928-3450
                             drusso@lbfosterco.com

David Russo, L.B. Foster Company, +1-412-928-3450, drusso at lbfosterco.com