UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934


 Date of Report (Date of earliest          September 5, 2007 (September 5, 2007)
 event reported)                           -------------------------------------


                              L. B. Foster Company
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             (Exact name of registrant as specified in its charter)


       Pennsylvania                   000-10436                   25-1324733
--------------------------------------------------------------------------------
 (State or other jurisdiction        (Commission               (I.R.S. Employer
     of incorporation)               File Number)            Identification No.)


415 Holiday Drive, Pittsburgh, Pennsylvania                           15220
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 (Address of principal executive offices)                           (Zip Code)


 Registrant's telephone number, including area code     (412) 928-3417
                                                        ------------------------


--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)


 Check the appropriate box below if the Form 8-K filing is intended to
 simultaneously satisfy the filing obligation of the registrant under any of the
 following provisions (see General Instruction A.2. below):


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)


[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)


[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))


Item 8.01        Other Events

     On September 5, 2007, L.B.  Foster Company (the  "Company")  issued a press
release to announce  that the Canadian  Pacific  Railway  Limited has reached an
agreement  to acquire the Dakota  Minnesota  and  Eastern  Railroad in which the
Company  holds a  minority  equity  interest.  A copy of that  press  release is
furnished with this report as Exhibit 99.1.

The  information  contained  in this  Current  Report  shall not be deemed to be
"filed" for the  purposes of Section 18 of the  Securities  and  Exchange Act of
1934 (the "Exchange Act"), as amended,  or otherwise  subject to the liabilities
of that section,  nor shall such information be deemed incorporated by reference
in any filing under the Securities and Exchange Act of 1933, as amended,  except
as shall be expressly set forth by specific reference in such filing.


Item 9.01        Financial Statements and Exhibits

(c)              Exhibits

99.1             Press Release issued by L.B. Foster Company, September 5, 2007.





                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                           L.B. Foster Company
                                           -------------------
                                           (Registrant)


Date:  September 5, 2007
       -----------------
                                           /s/ David J. Russo
                                           ------------------
                                           David J. Russo
                                           Senior Vice President,
                                           Chief Financial Officer and Treasurer





                                  EXHIBIT INDEX
                                  -------------

Exhibit Number                     Description
--------------                     -----------

99.1             Press Release dated September 5, 2007, of L. B. Foster Company.