A rail condition monitoring carriage for use on a railroad track is provided, including at least one frame movable along the railroad track, an ultrasonic rail condition monitor disposed on the at least one frame and configured for ultrasonically monitoring condition of the railroad track and transmitting the condition data to a remote location, a gage measurement device disposed on the at least one frame for monitoring a gage value of the track, collecting gage data and transmitting the gage data to the remote location, and a control system connected to the rail condition monitor and the gage measurement device for receiving the collected data and evaluating same.