Item 8.01 Other Events

On December 14, 2007, the Board of Directors of Portec Rail Products, Inc. (the "Company") approved a Rule 10b5-1 trading plan between Director Philip Cline and his broker, Hilliard-Lyons, to purchase shares of the Company's common stock in the open market at prevailing market prices during 2008. Mr. Cline had been purchasing through a previously adopted Rule 10b5-1 trading plan, which is scheduled to expire, and is adopting a new plan to serve as a continuation thereof.

Under his new Rule 10b5-1 trading plan, Mr. Cline contemplates purchasing an aggregate of 3,600 shares of common stock over the course of the next year, with purchases of 300 shares being made on first business day of each month. The transactions under this new Rule 10b5-1 trading plan will commence on January 1, 2008, and the actual purchases will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission. The Form 4 filings will also be posted on the Company's investor relations Web site. The Rule 10b5-1 trading plan shall be effective until the earliest of (i) written notice of termination by Mr. Cline to Hilliard-Lyons; (ii) the death of Mr. Cline; (iii) written notice of termination by the Company to Hilliard-Lyons, if the Company determines that any trade contemplated thereunder shall result in a violation of the applicable securities laws or have an adverse effect on the Company; or (iv) December 31, 2008.

Item 9.01 Financial Statements and Exhibits

(a) Financial statements of businesses acquired. Not Applicable.

(b) Pro forma financial information. Not Applicable.

(c) Shell company transactions: Not Applicable.

(d) Exhibits. Not Applicable.