The aim of this paper is to summarize the new features of the Fortran 2008 standard (ISO/IEC 2010). We take as our starting point Fortran 2003 (ISO/IEC 2004). An official extension for enhanced module facilities was published as a Type 2 Technical Report (ISO/IEC 2005) and WG5 was committed to include this in Fortran 2008. For an informal description of Fortran 2003, the enhanced module facilities, and the new features of Fortran 2008, see Metcalf, Reid, and Cohen (2011). The major extension consists of coarrays for parallel computing. Since the author has already summarized coarrays in another WG5 paper (Reid 2010), we refer the reader to this for details. This article is not an official document and has not been approved by PL22.3 (formerly J3) or WG5.