When we think of modern railroad tycoons, not many names come to mind. The railroads have been struggling in the last several decades, and consumers are starting to turn away from them for their logistics needs. However, it is important to know that there are still several companies in the railroad industry that are pivotal to the economy of North America. One of these companies is lucky enough to have Gregory James Aziz as its CEO.
National Steel Car is a Hamilton, Ontario-based manufacturer of rolling stock and rail cars for hauling freight. They have been in business since 1912 and have worked hard to earn their market for rolling stock sales in Canada. This company, however, was struggling to get by once trucking companies started monopolizing the logistics market. Just when it looked like there was no more hope for NSC, Greg Aziz stepped in and purchased the company.
When James Aziz took control of National Steel Car in 1994, he was taking on a company that was in shambles. First of all, National Steel Car had been changed, transitioned, and acquired many times in the past 100 years. It no longer had a singular goal that all employees could work towards. Several of the previous owners also focused on letting quality fall by the wayside and only wanted to produce low-cost items for their customers. These were the types of cars that lead to several spills and disasters in the 1980s and 1990s. Because of this, the public was wary of rolling stock companies like NSC. Many companies buy their rail cars including among others Dow Chemicals, Waste Management Inc., Canadian Pacific Railway, CSX, and Union Pacific.
Gregory J. Aziz changed this image of these companies by making National Steel Car a player in the entire North American market. First, he flushed the entire company full of cash to invest in capital projects and process improvements. With this money, production capacity was increased over 300 percent in only a few years. Next, he hired over 2,000 more employees to help deal with the increased demand the company was expecting to face. Finally, he created a single vision for the company that focused on engineering and making rolling stock that was of high quality and would live up to any new safety standards that the regulators would come up with. Refer to This Article to learn more.
With Aziz’s help, National Steel Car is now a $200 million per year company with a healthy balance sheet and a positive outlook for the future. Using his business prowess and innovation techniques, Gregory Aziz singlehandedly saved what used to be just a small company in Hamilton, Ontario.
Read More: http://gregaziz.ca/