National Steel Car: Canadian Locomotive Company

National Steel Car is a Canadian based rolling stock manufacturing company that is regarded as the leading train car producer in Canada. It is also the largest rolling stock manufacturer, and the company has been operating for more than 100 years. The company’s headquarters can be found in the city of Hamilton, Ontario, and it is always included in the top three rolling stock manufacturer in the country for centuries. The National Steel Car was established in 1912 by a group of wealthy investors, and today, the rolling stock manufacturing company is still dominating the industry. The effort of Gregory J Aziz, also known as Greg Aziz, helped the company get back on track. He is the present chairman and chief executive officer of the National Steel Car.

 

The National Steel Car is one of the most successful companies in Canada today, but during its lifetime, they have to face several challenges. After the company’s establishment in 1912, many investors started investing in the National Steel Car because they can see the company’s potential. There were a lot of orders every day, and they even partnered with two of the largest rail transport companies in Canada – the Canadian Pacific Railway and the Canadian Northern Railway. The Canadian Government has been their client as well, and the orders are reaching an all-time high. The National Steel Car considers the late 1910s to the early 1920s as their golden years. However, everything changed when the Great Depression struck. Many people became jobless, and business became bad. There were days that the National Steel Car cannot sell a single rolling stock, and they had to sell other products in order to keep on running. Click This Link for more information about the company

 

They were given a chance to thrive during the Second World War, when the Canadian Government asked for their help to manufacture war machines and war vehicles. The company experienced a slow growth after the war, and in 1962, a Canadian steel manufacturing company called Dofasco purchased them. The National Steel Car is growing steadily under Dofasco, but it became stagnant during the 1990s because of the railway crisis which greatly affected them. Dofasco decided to sell the company in 1994 and Greg Aziz purchased them, a wealthy businessman and entrepreneur.

 

Gregory James Aziz brought drastic changes to the company. From 500 employees, he hired an additional 2,500, raising the total work force of the company to 3,000. It also resulted in the production of 12,500 train cars per year, far from the previous 3,500 train cars that they are producing each year. Gregory James Aziz became successful in his vision to revitalize the National Steel Car.

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