Gregory Aziz: National Steel Car Railroad Magnate

National Steel Car is a one-hundred and one-year-old Canadian company and one of North America’s largest locomotive manufacturers. It was originally founded in 1912, then called Imperial Steel Car. National Steel Car also owns the largest automobile and rail manufacturing facility in North America. National Steel Car was the first railroad car company in North America to be ISO certified, and has won this award each year for more than a decade. The ISO mark is a standard unit of quality that is used to maintain the highest standards within the transportation industry. With more than 100 years of engineering, manufacturing and commitment to quality, National Steel Car has earned the reputation of being the leading North American railcar manufacturer.

Current CEO Greg Aziz transformed the company from virtual obscurity to the household name we know today. Greg James Aziz is undoubtedly one of the most successful entrepreneurs of his generation. Aziz first acquired Canadian Railcar from Dofasco in 1994 and grew the company to even greater heights in the US. Aziz, known by friends and family as “Greg”, laid the foundation of his business acumen as an economics graduate at the University of Western Ontario.

In addition to a solid education in the classroom, he has throughout his career stressed the importance giving back, and Aziz is involved in charitable activities with the goal of improving the livelihoods of communities within Hamilton Ontario, the hometown of National Steel Car. James Aziz has worked with National Steel Car for over 20 years, during that time has worked hard to ensure high quality cars for the North American market, even as competition stiffens in the industry with cars that run on alternative energy sources. See This Article to learn more.

 

Gregory James Aziz married Irene and is the proud father of two children. Greg Aziz and his family have in the past supported the Royal Agricultural Winter Fair, a recognized Canadian fair in the agricultural industry. Greg and his family are also sponsors of the National Steel Equestrian Team and sponsored the 2009 Anglestone Competition, another top Canadian equestrian competition. Greg and his wife often also support Aquarius Theater, Hamilton Theater, United Way, the Salvation Army and various food banks throughout Canada and North America.

National Steel Car and teh Reign of Gregory Aziz

Railroads were the main source of freight transportation in the early 20th century. They were able to bring the largest amounts of goods to buyers in the West, and they were capable of transporting several tons for only a few dollars. In the last 50 years, however, much of this transportation has gone to trucking companies. Trucks are able to provide transportation directly to the customer, and they are often able to do it quicker without having to load and reload at several points along the way. The advent of mass-trucking has caused some concern around railroads and the companies that supply them. This includes one company that was based in a small town in Ontario called National Steel Car.

 

National Steel Car has been around for nearly a century. This local manufacturer of railroad cars and rolling stock, such as boxcars, hoppers, and coal cars, had been a staple in the community and had contracts with all of the major railroads in the region. However, cash flow issues caused by the shift to trucking caused the owners to stop investing in the company. They just wanted to recoup their losses and then sell the company for parts. Management did not have clear directives, and the company shifted to a low-cost model that was not in demand. NSC was close to dying when Gregory James Aziz stepped in and purchased the company in 1994, from its then owner Dofasco.

Gregory J. Aziz is an investor and businessman. He has a long track record of taking struggling companies with a local influence and turning them into multi-million-dollar international companies. He had just done it with Affiliated Foods, his family’s company, in the decades prior to purchasing NSC, and he was about to do it again.

When he arrived at National Steel Car, Greg Aziz noticed that they were not focused on engineering to customer standards. Aziz created a strategy to use the engineering knowledge that was in the area and hiring top talent to focus on creating the best designs and safest railcars around. He also put more capital into the company and increased production capacity in anticipation of customers coming back for the higher-quality cars. He was right on all counts, and customers started flocking back to National Steel Car. Click Here for more information.

James Aziz has the ability to read markets and bring companies back from destruction. His successes have turned National Steel Car into the premier rolling stock company in Canada, with distribution to all corners of North America. The trucking companies may still have an edge on railroads, but with Greg Aziz at the wheel, anything is possible.

 

Source: http://www.lacartes.com/business/Greg-Aziz-National-Steel-Car/191944