When it comes to innovation and a renewed strategy at old companies, nobody has done it better than Gregory J. Aziz. For anyone in the railroad industry, Greg Aziz has become a name to remember. This is the individual that took a once-failing railcar manufacturer and turned it into an extremely successful powerhouse in the industry. In fact, National Steel Car continues to be one of the only railcar manufacturers left in North America, and the company owes all its success to the innovations and strategy renewals of its CEO and Chairman Greg Aziz.
National Steel Car has been in the industry since its founding in 1912. Starting out creating tank cars and coal hoppers, National Steel Car quickly rose to the top of its competitors as it drew into the great depression. However, pressure on railcar manufacturers, as well as the reduction of business in the depression, hit the company hard. In the 1970s and 1980s, when the trucking industry started to rule the logistics game, companies like National Steel Car had nowhere to go. What’s worse is that over the years NSC had been purchased and sold so many times that there were no longer any long-term goals that the company was striving towards. That is when Greg Aziz came around.
Greg Aziz purchased National Steel Car in 1994. He quickly named himself CEO and went to work to renew the focus of the company. He started by stating publicly that NSC was no longer out to create low-cost railcars, but high-quality, reliable, and cost-effective cars that will create efficiencies for the customer. He also put a highlight on the company’s ability to stay current with new regulations and safety laws, creating cost reductions for customers down the road. He put a strong focus on National Steel Cars design and engineering departments, charging them with the task of making his dreams a reality. See This Article for additional information
After shifting the strategy of the company, Aziz went to work increasing production. He created new capital projects that increased capacity at the plant from only 3,500 cars per year to over 12,000. In order to make this increase in capacity a success, his increased the labor force from just 600 workers to over 3,000. All of these strategies came together, and eventually, National Steel Car was back on top.
Now NSC is one of the only railcar and rolling stock manufacturers in North America, and with $200 million in revenue coming in each year, it is clear that Greg Aziz s new strategies and innovations have paid off once again.