Paramedics and police were sent to the scene after receiving a call at 11.40am this morning.
Upon arrival it became apparent nothing could be done to help the man and he was confirmed dead at the scene.
Trains through the Black Country were halted due to the incident which blocked the railway line for several hours
Train services running through the station are now returning to normal but some services may still be cancelled, delayed or revised.
A spokesman from the West Midlands Ambulance Service, said: "We were called to reports of an incident near to Coseley Railway Station at 11.40am, two ambulances and a paramedic officer attended the scene.
"On arrival we discovered one patient, a man, who it quickly became apparent could not be saved and sadly was confirmed deceased at the scene."