Power line communication (PLC) is a technology that exploits existing electrical transmission and distribution networks as guiding structures for electromagnetic signal propagation. This facilitates low-rate data transmission for signaling and control operations. As the demand in terms of data rate has greatly increased in the last years, the attention paid to broadband PLC (BPLC) has also greatly increased. This concept also extended to railways as broadband traction power line communication (BTPLC), aiming to offer railway operators an alternative data network in areas where other technologies are lacking. However, BTPLC implementation faces challenges due to varying operating scenarios like urban, rural, and galleries. Hence, ensuring coverage and service continuity demands the suitable characterization of the communication channel. In this regard, the scientific literature, which is an indicator of the body of knowledge related to BTPLC systems, is definitely poor if compared to that addressed to BPLC systems installed on the electrical transmission and distribution network. The relative papers dealing with BTPLC systems and focusing on the characterization of the communication channel show some theoretical approaches and, rarely, measurements guidelines and experimental results. In addition, to the best of the author’s knowledge, there are no surveys that comprehensively address these aspects. To compensate for this lack of information, a survey of the state of the art concerning BTPLC systems and the measurement methods that assist their installation, assessment, and maintenance is presented. The primary goal is to provide the interested readers with a thorough understanding of the matter and identify the current research gaps, in order to drive future research towards the most significant issues.