* Editorial, Chairman’s Chat, Shop
* News Update
* An Opinion about Clock-Face Schedules
* Timetable Matters (9)
* Hydrogen Train Hybari FV-E991 on Trial
* JR East’s KiHa E120 Series
* JR West’s KiHa 120 Series
* KiHa 120 Winter Travel on the Ōito Line
* JR Hokkaidō KiHa 183 in Thailand
* Kishū Railway – An Unlikely Survivor
* Tramway Signalling Overview and Utsunomiya
* Light Rail’s Signalling System
* The JRS Japan Annual Meeting
* Toyama’s Trams–Twenty Years of Progress
* Book Review: Railway Atlas
* Model-In: Isuzu Plaza Truck Museum
* Model-In: Kabuto Beer Wagons

Front cover: KiHa 120-329 leads a local train on the Ōito Line near Hiraiwai Station. Picture taken on 29^th December 2023 by Billy Bunda.