In a method and system for monitoring rail operations and transport of commodities via rail, a monitoring device including a radio receiver is positioned to monitor a rail line and/or trains of interest. The monitoring device including a radio receiver configured to receive radio signals from trains, tracks, or trackside locations in range of the monitoring device. The monitoring device receives radio signals, which are demodulated into a data stream. That data stream is then decoded to find an identification number, which identifies a particular train carrying a commodity. From an analysis of the radio signals and/or identification of the position of the train, information about the train and/or the commodity it is carrying is derived and then reported to an interested party.