This article presents a review of cutting-edge technologies poised to shape the future of railway transportation systems, focusing on enhancing their intelligence, safety, and environmental sustainability. It illustrates key aspects of the energy-transport-information/communication system nexus as a framework for future railway systems development. Initially, we provide a review of the existing challenges within the realm of railway transportation. Subsequently, we delve into the realm of emerging propulsion technologies, which are pivotal for ensuring the sustainability of transportation. These include innovative solutions such as alternative fuel-based systems, hydrogen fuel cells, and energy storage technologies geared towards harnessing kinetic energy and facilitating power transfer. In the following section, we turn our attention to emerging information and telecommunication systems, including Long-Term Evolution (LTE) and fifth generation New Radio (5G NR) networks tailored for railway applications. Additionally, we delve into the integral role played by the Industrial Internet of Things (Industrial IoT) in this evolving landscape. Concluding our analysis, we examine the integration of information and communication technologies and remote sensor networks within the context of Industry 4.0. This leveraging of information pertaining to transportation infrastructure promises to bolster energy efficiency, safety, and resilience in the transportation ecosystem. Furthermore, we examine the significance of the smart grid in the realm of railway transport, along with the indispensable resources required to bring forth the vision of energy-smart railways.