Category Archives: Philantrophy

Greg Aziz Leads Steel Car To New Heights

In a competitive business environment, it is not easy for a company to last more than a generation. So it is quite feat when a company stays in business for more than 100 years. For National Steel Car CEO Gregory James Aziz, running a company into its second century is a decades-long passion.

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Mr. Aziz was born in the Canadian city of Ontario on April 30, 1949. After receiving his economics degree from the University of Western Ontario, he joined his family wholesale food business. As he worked at Affiliated Foods, Gregory J Aziz began to get some practical experience in the business world. In his 16 years in the family food business, Mr. Aziz saw Affiliated Foods grow into an international importer of food from Europe as well as South America.

 

With more than a decade of experience in business growth, Greg James Aziz took his knowledge into the investment banking world. During the go-go 1980s and early 1990s, Mr. Aziz worked on many deals which gave him the know-how on financing businesses through debt deals as well as mergers & acquisitions.

In the early 1990s, Greg Aziz was able to put together a team and purchase National Steel Car. At the time, National Steel Car was not the biggest railcar maker in the business. However, Mr. Aziz had plans to turn the company into the biggest railcar marker in North America.

 

In a few short years, Mr. Aziz was able to almost triple production from 3,500 cars per year to over 12,000 cars per year by the end of the 1990s. In that same time, the company’s personal grew from a few hundred employees to almost 3,000 staffers. As the company continued to grow, National Steel Car has been able to reinvigorate the local economies dependent on the railcar building business.

In addition to his work on the business side of National Steel Car, Gregory James Aziz is also active in Hamilton hometown community of the company. Mr. Aziz and National Steel Car currently support the United Way, the Salvation Army as well as the Hamilton Opera.

From his humble days working in the family food wholesaling business to running the largest railcar maker in North America, Gregory James Aziz has worked hard to grow businesses through vision, persistence and leadership.

North America’s Backbone and How Gregory Aziz Fixed It

National Steel Car has been around since 1912. As a manufacturer of rolling stock and freight cars for trainings, NSC has long been supporting the backbone of North America; the railroads. However, this backbone has had some tough times in the last several decades. The number of railroad companies is declining as more and more consumers are turning to truck and air shipping for their logistics needs. Many of these companies, including National Steel Car, are struggling. However, in 1994, Greg Aziz became NSC’s saving grace. He singlehandedly mended this company to keep the backbone of North America Strong.

 

Greg Aziz was no stranger to failing business when he purchased National Steel Car. He had already turned Affiliated Foods; his family’s local food distribution business into an international importer and exporter of goods. He used his business skills to secure new distribution networks in the United States, and he was even able to create trade deals with countries in South America and Europe, places that Affiliated Foods (his family’s company) were never before able to reach. If there was anyone who would be able to turn NSC around, it was Greg J. Aziz.

 

In the beginning, National Steel Car was an industry powerhouse. They produced some of the best rolling stock available, and all of the local railroads had exclusive contracts for their grain hoppers, coal cars, and boxcars with NSC. However, when capital started to disappear in the 1970s and 1980s, NSC was unable to invest in infrastructure and engineering. They started to move towards a low-cost model of building cars, which worked for a while. However, regulatory and safety standards started to be more stringent, and NSC’s cars were becoming obsolete. That is where Gregory Aziz stepped in. See This Article to learn more.

 

When he took over the company, the first thing he did was flush capital into several projects to get the company’s infrastructure up-to-date. He not only improved the equipment they already had but purchased more equipment and created more lines to increase capacity. To deal with the extra capacity, he hired over 2,000 more workers at a company that had previously only had 600. With his help, he put National Steel Car back on the map.

 

Now NSC has sales of over $200 million per year. They are building rolling stock for every major railroad in North America, and they are showing no signs of slowing down. Thanks to Greg Aziz and his ability to restructure and take charge, North America’s railroad backbone has never been healthier.

 

For more than a decade NSC has been recognized by the TTX Supplier Evaluation Committee for supplier excellence. Furthermore, NSC is the only railcar manufacturer in North America to obtain a 9001 certification by the International Organization for Standardization.