It is also commonly referred to as train transport. In contrast to road transport, where vehicles run on a prepared flat surface, rail vehicles are also directionally guided by the tracks on which they run. Track usually consists of steel rails, installed on ties and ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as slab track where the rails are fastened to a concrete foundation resting on a prepared subsurface.
Rolling stock in railway transport systems generally has lower frictional resistance when compared with highway vehicles and the passenger and freight cars can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer facilities. Power is provided by locomotives which either draw electric power from a railway electrification system or produce their own power, usually by diesel engines. Most tracks are accompanied by a signalling system. Railways are a safe land transport system when compared to other forms of transport. Railway transport is capable of high levels of passenger and cargo utilization and energy efficiency, but is often less flexible and more capital-intensive than highway transport is, when lower traffic levels are considered. (source : wikipedia)