Written and first recorded by John Stewart (1987).
Hit version by Rosanne Cash (C&W #1 1988).
From the wiki: “‘Runaway Train’ is a song written by John Stewart and was first released by Stewart on the album Punch the Big Guy. Rosanne Cash released her released in July 1988 as the fourth single from the album King’s Record Shop. It would become her ninth #1 hit on the Country chart as a solo artist.”
Rosanne Cash, “Runaway Train” (1988):