The New Railroad Tycoons and Gregory J. Aziz

There are very few railroad tycoons out there anymore. Often, when you think of a railroad tycoon or master of business you probably think of someone that looks like the Monopoly Man. However, the railroad tycoons of today are nothing like that. They did not inherit their fortunes like the Rockefellers of the world but worked to get to where they are. One of these men is none other than the well-known businessman, investor, and business strategist Gregory James Aziz.

 

Gregory J. Aziz became a tycoon when he pulled his company, National Steel Car, from out of the mud and back into prominence in the industry. Before James Aziz purchased the company in 1994, National Steel Car was in some dire straits. The previous owners had completely stripped the company of capital and had not made a major capital investment in decades. Once the trucking companies started to take over the logistics industry, the previous owners panicked. National Steel Car when through a series of acquisitions and disposals with each owner adding new strategies while taking out more capital. This just created a mess of a company with no clear direction to follow.

The first thing Greg Aziz did was give the management team a direction to follow. He knew that in its heyday, National Steel Car prided itself on its engineering capabilities. Aziz made this the focus on the new and improved company. He hired new engineers and designers to work tirelessly on designs that would create the highest quality cars on the rails, while also making sure not the break the bank of the customers who wanted to buy them. See This Page for additional information.

Next, Aziz put millions of dollars of his own money into the company to help hire additional laborers and increase the capacity of the plant. New machines were installed and equipment was upgraded to be top-of-the-line, helping the workers deliver the best cars out on the rails. In just a few short years, National Steel Car’s production capacity increased by over 300%, and an additional 2,000 workers had to be hired to keep up with production.

 

The last thing that Aziz did was expand the service area covered by NSC. He worked with some of his contacts in the industry, and he created new contacts all over North America. When it was all said and done, National Steel Car had transformed into a small, weak, and failing local manufacturer of rolling stock, to a large, international, and growing manufacturer of high-quality rail cars. All of this success is owed to the new and improved types of railroad tycoons like Gregory J. Aziz. The company received TTX SECO award for quality, for over a decade.