Helping the Railroads with Gregory J. Aziz
Few businessmen are as successful at bringing companies back from the dead as Gregory James Aziz. Born and raised in Ontario in an industrial part of the country, Greg Aziz had always had an interest in manufacturing and how things worked. He had also had an interest in the vast railroad lines that crisscrossed across the continent and made businesses work for so long. Little did he know, Gregory J. Aziz would soon be attempting to revive one of the most important suppliers of this failing industry.
Railroads had always been complicated, and they get even more complicated when you start to look at the companies supplying this industry. Not only do they have to worry about the demand of companies looking to move their goods, but they also need to rely on the health of the railroads themselves. In the 1970s, when trucking companies started to spring up and take railroad traffic, the major railroads started to struggle, and so did their suppliers. One of these suppliers was National Steel Car. Go To This Page for additional information.
National Steel Car was started in 1912 and had a very long history of success within the province of Ontario, Canada. The company is a subsidiary of National Industries Inc. Nearly everyone in the railroad industry knew about the railcars they produced, and thousands of their railcars traveled across the country every day. However, when the railroads started to struggle, the owners of NSC stopped putting money into the company and started to focus on cutting costs instead of making products that customers wanted. NSC fell apart, but luckily Greg Aziz decided to buy the company in 1994 and revive it.
The first order of business was to cut out the fat. The previous owners had several overlapping strategies that just did not make sense together, and their focus on low-cost cars was no longer what the market wanted. Aziz knew this and implemented a new strategy to focus on engineering and making the best and safest cars in the market. Little by little, demand for NSC’s railcars started to come back. To deal with the extra demand, Gregory Aziz sunk more capital into the company and was able to increase production capacity by over 300 percent. This increase in capacity meant more workers were needed, of which Aziz hired nearly 2,000. After about a decade, National Steel Car was back on top.
Greg Aziz has made a name for himself by bringing back businesses like NSC from the dead. He came up with innovative solutions and focused on what the customers wanted instead of what seemed rational for a failing business at the time. Thanks to him, the railroads will live on a little bit longer.