How to Thrive in a Struggling Industry: Gregory Aziz’s Story

Railroads have always been a cornerstone of the culture in North America. They were the fastest way to get west, and they were the most efficient and least expensive way to move goods throughout the United States and Canada. When the trucking industry took off, all of this changed. This did not mean, however, that the industry was dead, and because of business-savvy people like Greg Aziz, the companies that feed this industry will continue to thrive even in the face of great adversity.


Gregory James Aziz graduated in 1971 from the University of Western Ontario with his Economics degree. He did not know what he wanted to do with his life when he first left school, but after spending some time working for his family’s business, Affiliated Foods, Aziz quickly learned about what he was good at: business.


After spending 16 years at Affiliated Foods, Aziz decided to try his hand at the investment banking market. He spent most of the 1980s and early 1990s making high stakes trades and helping investors find their way through the volatile markets. He realized that investment banking wasn’t what he wanted to do for the rest of his life, so he made a very risky decision and purchased a failing railcar manufacturer in Hamilton, Ontario in 1994.


National Steel Car had been servicing the railroad industry in Canada since 1912. It had a great reputation in the area, but outside of Ontario not many railroads really knew who they were. Not only that, but due to internal transitions and several changes of ownership over the last several decades had management working on competing goals and left them without a vision for the future. Once Gregory Aziz arrived, all of this was made clear. Find Additional Information Here.


Aziz wanted to make sure that National Steel Car was on every railroad in North America’s map. He put a large amount of cash into the business to grow production and invest in capital. He hired thousands of additional workers and opened new facilities. He focused on the core of the company, engineering, and spun marketing to focus on the fact that NSC would be able to not only create a quality and safe railcar for today, but also for the standards of the future.

Thanks to his help, National Steel Car is one of the leading manufacturers of rolling stock in North America. Even though the industry is still facing adversity, Gregory James Aziz ensured that NSC stays on top and thriving.