Most people seem to prefer a Dremel tool for cutting track, but I prefer a hacksaw and miter box for several reasons. It leaves a cleaner end, it's easier to get the ends square, and I don't care for the shower of sparks that goes with the Dremel and a cutoff wheel. Anyway a couple of weeks ago I saw a picture of a commercially made miter jig for cutting track, and decided to make one myself. It's made of MDF, 3/4" for the base and 1/2" for the sides, which are glued in place. The width is carefully sized so that you can put a piece of Standard Gauge track in it either side up and it will be held in place. There are grooves for both Standard and o gauge track so you can cut either side rails-down. The grooves were cut on a table saw. I had to make two cuts per groove because the rail is slightly wider than my saw blade. The center groove was beveled out using a V-bit on a router table to provide room for the insulators while still firmly gripping the rail. The jig is 16" long, with the cutting slot off-center at 10". I cut the miter slot with a Jorgensen rig - an expensive tool, but worth every penny. The resulting slot is just right for a mini-hacksaw blade - I'll have to open it up a bit if I decide to use a full-size hacksaw. The Jorgenson saw leaves a very narrow kerf. The rig has bottom stops on the blade guide so you can cut part way through a workpiece and get the bottom exactly where you want it - perfect for making a miter jig like this one.
If I were doing it again I might not use MDF. I picked MDF because it doesn't warp, but it tends to split if you screw into the side, even with a pre-drilled hole. I first tried to screw the sides on, but wound up having to glue them. A 1" thick block of hardwood would be better, I think.
Here are some pictures:
Cutting the miter slot on the Jorgensen rig.
The completed unit, ready to cut Standard Gauge track from the top
Standard Gauge track set in the grooves. You can clearly see the bevel in the center groove
0 gauge track in the grooves.