From TrainSpottingWorld, for Rail fans everywhere
- January 5 – New York Central Railroad begins test runs of General Motors Electro-Motive Division's Aerotrain between Chicago and Detroit.
- January 8 – The last regular passenger train is run along the Bathgate and Coatbridge Railway route between Glasgow and Edinburgh, Scotland.
- January 10 – The Chicago, Indianapolis and Louisville Railroad officially reorganizes as the Monon Railroad.
- January 22 – The RDCs making up San Diegan train No. 82 derail in a high-speed accident at Redondo Junction, just south of the Los Angeles Union Passenger Terminal, killing 30 and seriously injuring 117. This was the units' last run on the Surf Line. The radio reports of this accident were one of the first major uses of the Sigalert.
- January 29 – Virginian Railway discontinues passenger train service.
- March 5 – The last steam locomotive purchased new by Southern Pacific Railroad, cab forward class AC-12 4-8-8-2 number 4294, is retired from revenue service.
- The Lanqing railway, connecting Lanzhou to Xining, is designed.
- The last of Southern Pacific Railroad's GS-2 class of steam locomotives are retired from service.
- Railroad History Timeline - 1950's. RRHX: Michigan's Internet Railroad History Museum. Retrieved on 2008-01-05.
- On This Day in Monon History. Monon Railroad Historical-Technical Society. Retrieved on 2008-01-08.
- Joplin, Loren B. (2000). "Bad Night at Redondo Junction". The Warbonnet 6 (2): pp 8-10.
- This month in railroad history - January. Rivanna Chapter, National Railway Historical Society (2006-01-15). Retrieved on 2008-01-28.
- Diebert, Timothy S. and Strapac, Joseph A. (1987). Southern Pacific Company Steam Locomotive Conpendium. Shade Tree Books. ISBN 0-930742-12-5.