March 11 – 2004 Madrid train bombings: Simultaneous bombings on Cercanías commuter trains in Madrid (Spain) kill 191 people and injure more than 1,800.
March 20 – An agreement between the governments of Thailand and Laos is signed to extend the railway to Thanaleng Railway Station in Laos, about 3.5 km (2.2 mi) from the Thai–Lao Friendship Bridge, which would become the first railway link to Laos.[1]
March 28 – First services operate on Binhai Mass Transit (or Jinbin light rail) in Tianjin, China, including No. 1 bridge (25.8 kilometres (16 mi) in length).[2]
April 1 – High speed train service is inaugurated in Korea between Seoul and Busan; the trains make the trip in 2 hours and 40 minutes.
April 1 - Tokyo subway system, Tokyo Metro replaced and private company from Teito Rapid Transit Authority.
April 5 - The Manila Line 2 commenced almost full commercial operations by opening the segment from Araneta Center–Cubao Station up to Legarda Station.
April 6 – Amtrak passenger train City of New Orleans en route to Chicago from New Orleans derails near Flora, Mississippi, resulting in one fatality.
May 15 – With repairs to tunnels 8 and 16 complete and destroyed bridges rebuilt, including the Goat Canyon Trestle, the Carrizo Gorge Railway officially reopens freight service to Plaster City and the Union Pacific Railroad interchange.
June – Caltrain finishes their two-year-long CTX project, which included strengthing the tracks between San Francisco and San Jose and introducing an all new CTC system. This project allowed for the start of Baby Bullet express service and the resumption of weekend service on the route.
June 7 – The high speed Gautrain between Johannesburg and Pretoria, South Africa is announced; it is expected to open in 2009.
June 23 – Madrid Metro orders 698 new subway cars valued at €1 billion; the order is shared by Bombardier and Siemens.
July 28 – Phase 1 of Wuhan Metro's Line 1 connecting Huangpulu Station to Zongguan Station opens.
July 29 – The Dublin to Rosslare Europort route becomes the first in the Irish Republic to have locomotive hauled trains completely replaced by diesel railcars.
August 15 – Fourth rail was finished in 13 km section between Helsinki, the capital of Finland and Kerava, its suburb.
August 31 – The United States Surface Transportation Board renews the authority of TTX Corporation to continue pooling and leasing railroad rolling stock for ten more years, over the protests of other rolling stock leasing companies.
September – In Ireland, following the replacement of the Cahir viaduct, the Limerick junction to Waterford section of railway reopens after nearly a year after the viaduct collapsed under a cement train.
The second LUAS line opens, the "Red Line" linking Tallaght in west Dublin to the city centre and Heuston and Connolly stations on the main Irish railway network.
Charles Wickliffe Moorman IV is promoted to president of Norfolk Southern.
Railpower Technologies signs a memorandum of understanding with Swedish Train Technology to perform hybrid locomotive conversions in Europe.
October 3 – The Southwestern Railroad leases the Carlsbad Subdivision (183 miles of track between Clovis and Carlsbad, New Mexico) from the Burlington Northern and Santa Fe Railway.
October 14 – The Canadian Transportation Safety Board issues its final report on the CN accident of May 2, 2002; the report blames the truck driver's fatigue as the cause of the accident and admonishes fire crews for less-than-optimal training in hazardous materials.
October 15 – Canadian National Railway announces that it is selling its locomotive remote control business unit (which produced the Beltpack control system) to Cattron Group, Inc., so the railroad can focus on operations.
October 18 – Rocky Mountain Railtours officially changes its name to Rocky Mountaineer Vacations.
October 22 – Canadian National Railway (CN) announces that it will open shipping offices in Shanghai and Beijing; the office will advertise CN's shipping abilities to North American destinations, especially on the Pacific coast.
October 27 – The North American rail labor union Brotherhood of Maintenance of Way Employees votes to merge with the Teamsters.
October 29 - The Manila Line 2 commenced full commercial operations by opening the remaining segment from Legarda Station up to Recto Station.
November 8 – Canadian National, Canadian Pacific and Norfolk Southern announce an operating agreement to speed shipments between eastern Canada and the eastern United States.
November 20 - NoMa-Gallaudet University Station (formerly New York Avenue-Florida Avenue-Gallaudet University), the first "in-fill" station to be built between two existing stations, is opened on the Washington D.C. Metro Red Line.
Swiss Federal Railways begins the first phase of implementing its Rail2000 plan to improve service.
December 13 – Bombardier president Paul Tellier announces his retirement.
December 17 – The last X'Trapolis train enters service with Connex in Melbourne, Australia.
December 18 - The WMATA Blue Line is extended from Addison Road-Seat Pleasant to Largo Town Center in Lake Arbor, Maryland. The extension, totaling 3.2 miles (5.2 km) adding the Morgan Boulevard and Largo Town Center Stations, is the first WMATA project to go beyond the Interstate 495 (Capital Beltway) in Prince George's County.
December 21
Siemens receives an order to build 60 new ICE trainsets for service between Moscow and Saint Petersburg, Russia; the new equipment is expected to enter service in 2007.
Metro-North Commuter Railroad Company retires the last of the electric multiple unit passenger cars built by Pullman-Standard for the New York Central in 1962–1965. The cars are replaced with new cars built by Bombardier
Accidents
February 6 – February 2004 Moscow metro bombing – A male suicide bomber killed 41 people near Avtozavodskaya subway station on the Zamoskvoretskaya Line in Moscow.
April 22 – In the Ryongchon disaster, a flammable cargo explodes at the railway station in the town of Ryongchŏn, North Korea, near the border with China; the explosion occurs only a few hours after North Korean leader Kim Jong-il passed through the station en route back to the capital from a secret meeting in China.
May 31 – A fire erupts in one of the Seattle Center Monorail trains; of the 150 passengers aboard at the time, only 5 required treatment for minor injuries and no deaths occurred.
June 17 – The Karanjadi train crash was the accidental derailment of a passenger train at Karanjadi, a village in Maharashtra, India, on June 17, 2004. 20 people were killed and well over 100 injured in the crash, which was the result of heavy monsoon rains.
October 23 – The Chūetsu earthquake, 6.8 magnitude, in Japan causes the first derailment of a Shinkansen train; the train was traveling 200 km/h (125 mph) on the Tokyo-Niigata line, but no fatalities were reported.
November 16 – The northbound high speed tilt train Spirit of Townsville from Brisbane, bound for Cairns, failed to slow down for a sharp 60 km/h curve at Berajondo, Queensland, Australia, derailing the train; although seven of the train's passenger cars and the leading power car left the tracks, remarkably there were no fatalities. See Cairns Tilt Train derailment, High-speed train derailment in central Queensland.
December 26 – Approximately 1700 are killed in the Queen of the Sea train disaster, the world's worst rail disaster to date as the Sri Lankan train is overwhelmed by a tsunami created by the Indian Ocean earthquake.
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