A new editorial team of Bruce Belbin, Bob McKillop and John Browning was put together and the new format magazine began with No.139 in February 1998.

Articles and photographs constitute a comprehensive archive of Australia's industrial and narrow gauge railway history.

Coverage extends to lines in surrounding countries where Australian economic and political influence prevailed, including Papua New Guinea, Fiji and the phosphate islands of the Pacific.

Heritage and Tourist reports at the end of each issue constitute a running record of details that are otherwise difficult to locate.

Letters to the Editor are a lively source of information and discussion while Book Reviews aim to cover all significant relevant publications from Australia or overseas.

The LRRSA also has its meetings in Adelaide, Brisbane, Melbourne, and Sydney notified in the magazine, as well as a range of coming events on tourist and heritage railways.