If you have a PNG (Portable Networks Graphics) file it has the ability to use transparency and be displayed in a web browser, the Trainz mini-browser can't handle this format (or GIF which also does transparency).
The only option is a TGA/Targa (Truevision Advanced Raster Graphics Adapter) using the alpha channel. It can be a pain to create a TGA direct from photoshop, but a PNG is easy.
So what utility?