Pictures can be seen at this page:
http://community.webtv.net/markcharles/train
Brian
I can't think of anything on a railroad that looks like that, either on
a train or beside the tracks. It is possible that some small railroad
adapted a light used for something else for an application they needed,
but I doubt it.
When this was posted in a railroad group, I was so sure it wasn't a
railroad lamp, that I suggested a navigation light. Nothing on a
railroad uses that style of lens. Train signals tend to be focussed and
aimed down a track, so they don't need the spread offered by that lens.
Maybe we can blame it on aviation. Perhaps a runway marker light?
Perhaps a drawbridge channel marker light?
--- Brian