National Steel Car: Transforming Canadas Railways

National Steel Car is the largest and the leading rolling stock manufacturer in Canada. The current chairman and chief executive officer of the company is Gregory James Aziz, also known as Greg Aziz, and he has been revitalizing the industry which has suffered extreme losses in the past. National Steel Car is responsible for the transformation of the Canadian Railways, especially during the early 1900s when the Canadian train network is being built from coast to coast.

 

During the dawn of the 20th century, the government of Canada planned to create a network of railways that would connect all of the cities, provinces, and territories of the country. In 1912, the National Steel Car was founded, and they started manufacturing rolling stocks, also known as train cars, in order to benefit from the government’s decision to expand the Canadian railway system. After the establishment of the company, investors have seen a bright future for the company, and investments came instantly. There were also a lot of orders for the company’s rolling stocks, and they are being sold out fast. Orders have also reached an all-time high, thanks to their contract with the government of Canada. As they have been successful in doing their business, more business partners signed deals with the National Steel Car, and among them are Canadian Pacific Railway and the Canadian Northern Railway. The National Steel Car is being contracted by the two giant transport companies to create additional rolling stocks that will be used for public transport. The revenue of the National Steel Car rose during the early years of their operation because of the sudden economic boom in the rail transport industry. However, their growth stagnated in the 1930s as the Great Depression hits. The Great Depression was being felt even in developed and economically stable countries like Canada and the meltdown have caused businesses to go bankrupt. In order for the National Steel Car to survive the economic apocalypse, they decided to manufacture other products aside from rolling stocks. Their signature products have seen a significant decline in orders during the 1930s, so they have to introduce a wide array of products just to survive.

 

The National Steel Car bounced back during the 1940s, as the Second World War came. They have to manufacture war machines and war vehicles that were in demand. The revenue became stable once again, and the industry of rolling stock manufacturing made a comeback. The company remained stable after the war, and in 1962, the National Steel Car was purchased by Dofasco, a Canadian steel manufacturing company. The National Steel Car suffered mismanagement during the time when it was acquired by Dofasco, and as the revenue plummets, Dofasco decided to sell the company to Gregory J Aziz in 1994.

 

Gregory James Aziz managed to revive the National Steel Car, and promised to restore its former glory. Under the leadership of Gregory James Aziz, the number of employees working for the National Steel Car rose from 500 to 3000, and the company today is able to manufacture 12,500 rolling stocks every year. They have been supplying rolling stocks to Canada and as far as the United States of America. Read More Information.

Leave a Reply

Your email address will not be published. Required fields are marked *