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This article lists events related to rail transport that occurred in 1932.

Events

March 15 - The last passenger service run of the Pontchartrain Rail-Road, in operation for over a century.
March 24 - The first radio broadcast from a moving train occurs when New York City station WABC broadcasts from a Baltimore and Ohio Railroad train operating in Maryland.^[3]
March 31 – Tokyo Yokohama Electric Railway Line, from Shibuya Station in Tokyo via Musashi-Kosugi Station in Kawasaki, Kanagawa to Sakuragichō Station in Yokohama, is officially completed in Japan (as the predecessor of Tokyu Toyoko Line).^{[citation needed]}

May 24 - Nigerian Government Railways complete the 787 m (861 yd) road–rail Benue Bridge at Makurdi on its Eastern Line, replacing a train ferry.

June 6 - The Great Western Railway's Cheltenham Spa Express passenger train (popularly known as the Cheltenham Flyer) sets a new speed record as 4-6-0 locomotive Tregenna Castle hauls it from Swindon to London Paddington, 77+1⁄4 miles (124.3 km), at an average speed of 81.7 mph (131.5 km/h).^[4]

August 20 - The Unanderra – Moss Vale railway line of the New South Wales Government Railways in Australia is opened.
August 31 – Pacific Electric Arrowhead Line service is discontinued.^[5]

September - The Great Western Railway accelerates its Cheltenham Spa Express between Swindon and London Paddington to a scheduled 65 minutes, giving an average speed of 71.3 miles per hour (114.7 km/h) over the whole trip, the world’s first train to be scheduled at over 70 miles per hour (110 km/h).^[6]
September 10 - The IND Eighth Avenue Line, at this time the world's longest subway line (31 miles (50 km)), begins operation in Manhattan.^[7]
September 11 - Canadian operations end on the International Railway (New York – Ontario).

December 6 – Nippo Line, Kokura of Kitakyushu via Oita to Kagoshima route officially completed in Kyushu Island, Japan.^{[citation needed]}
December 29 - “Twentieth Century” a play by Hecht and MacArthur about the New York Central Railroad's 20th Century Limited opens on Broadway.
December 31 - The last steam-powered Southern Belle passenger train operates on the Southern Railway; the train's equipment will be replaced with electric multiple unit cars the next day.^[8]

The Southern Pacific Railroad gains 87% control of the Cotton Belt Railroad (St. Louis Southwestern Railway).^[9]
Angus Daniel McDonald succeeds Paul Shoup as president of the Southern Pacific Company, parent company of the Southern Pacific Railroad.
Hale Holden steps down as Chairman of the Executive Committee for the Southern Pacific Company. With Holden's departure, this position is eliminated. Holden then assumes the position of Chairman of the Board of Directors for the company.
The Atchison, Topeka and Santa Fe Railway reduces train frequencies on its subsidiary Grand Canyon Railway from twice daily to once daily.^[10]
The Lake Shore Electric Railway in Ohio declares bankruptcy.
New Zealand Railways introduces K class 4-8-4 steam locomotives built in its Hutt Workshops.
First Franco-Crosti boilered locomotive built, Belgian State Railways No 2096, an 0-6-2+2-4-2-4-2+2-6-0 articulated.
An electric Children's railway operates in Gorky Park (Moscow), Soviet Union.^[11]

^ (2000), American Experience / Streamliners / People & Events / Ralph Budd Archived 2005-03-09 at the Wayback Machine. Retrieved February 22, 2005.
^ President and Fellows of Harvard College (2004), 20th century great American business leaders - Ralph Budd Archived 2005-02-05 at the Wayback Machine. Retrieved February 22, 2005.
^ Rivanna Chapter National Railway Historical Society, This Month in Railroad History: March. Retrieved March 24, 2006.
^ Mike's Railway History - The Great Western Railway. Retrieved June 8, 2005.
^ Veysey, Laurence R. (June 1958). A History Of The Rail Passenger Service Operated By The Pacific Electric Railway Company Since 1911 And By Its Successors Since 1953 (PDF). LACMTA (Report). Los Angeles, California: Interurbans. p. 63, 64. ASIN B0007F8D84. OCLC 6565577.
^ "The Cheltenham Flyer". Mike's Railway History. Retrieved 2009-08-02.
^ "New York City Transit - History and Chronology". Metropolitan Transportation Authority. 2009. Archived from the original on 2002-10-19. Retrieved 2012-01-03.
^ Hill, Keith (February 2005). "Brighton's Belle Époque". BackTrack. 19 (2): 70–79.
^ Yenne, Bill (1985). The history of the Southern Pacific. New York: Bonanza.
^ Bianchi, Curt (May 1995). "By steam to the Grand Canyon". Trains Magazine: 38–45.
^ "Gorky Park, Moscow". Children's Railways. Retrieved 2010-01-12.