Silver Stream Railway has one of New Zealand's most comprehensive and largest collections of preserved and operating steam and diesel locomotives, and railcars.

Steam

• C512 (C132) : Under Overhaul (in re-assembly)
• C847 : In Service
• L509 : In Service
• Fowler 16342 (Napier Habour Board No.5) : In Service, awaiting running gear overhaul
• Ka935 : Awaiting Overhaul (Flues, Boiler Inspection)
• Ww571 : Awaiting Major Overhaul
• D143 : Awaiting Restoration
• D137 (Gear Meat No.2) : Awaiting Restoration
• Barclay 1335 (Gear Meat No.3) : Awaiting Restoration
• PWD 531 (Barclary 1749) : Leased from Hawkes Bay Steam Society (Under Restoration)

Diesel

• De508 : In Service
• De505 : Under Overhaul (Electrical)
• Rm30 Railcar : In Service
• Rm34 Railcar : Operational, Under Refurbishment
• Rm5 Railcar : Leased to Pahiatua Railcar Society (Under Restoration) 
• Price 221: In Service

Electric

• ED101 : Static Display

Crane

• Steam Crane #124 : Operational, Awaiting Boiler Overhaul and Inspection