Since 1929 the Society has published a regular journal The Railway Observer which records the current railway scene. It also has regional branches which organise meetings and trips to places of interest and a members' library.
It has published definitive multivolume locomotive histories of the Great Western, Southern and London and North Eastern Railways, and has in progress similar works on the London, Midland and Scottish Railway and BR standard steam locomotives. It also has published many other historical railway books since the mid-1950s.
On 2 November 2016, the RCTS become a Charitable Incorporated Organisation (CIO), registered number 11699995. Its new Archive and Library (located within the former station-master's house at Leatherhead station) was opened on 6 October 2018 by TV personality and antiques expert Paul Atterbury.
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