Canada has an extensive network of railways. It connects Canadian cities and provides faster transportation option for the masses. It is also vital in trading, as shipping products through the use of rail transport is faster and more convenient. The prevalence of rail transport in Canada can be credited to locomotive manufacturers, like the National Steel Car. They created locomotives in order to provide better transportation options for the public, and to help different industries in transporting their goods.
The National Steel Car was founded in 1912, and during the early years of the company, investments are pouring in. A lot of contracts have been made between the company and the government, and the orders for rolling stocks have reached an all-time high. The company was praised by the public because of how efficient and innovative their manufactured train trucks are, and soon, larger transport companies like the Canadian Pacific Railway and the Canadian Northern Railway contracted them to create rolling stocks to be used for transport. After the Trans-Canadian railway has been constructed, more rolling stocks from The National Steel Car were needed. These new orders have pushed the revenue of the company into new heights, beating their previous records. The business is good for the National Steel Car, until the Great Depression in the 1930s came. During this period, the economy of the world crashed, and Canada was not spared from the economic meltdown. The National Steel Car saw a great decline in orders, and sometimes, no order is coming in. In order to survive, and have to manufacture products other than rolling stocks, so they decided to create vehicles and other mechanical machines. After the period of the Great Depression, the economy bounced back, and the industry of rolling stock manufacturing was revitalized. The demand soared during the Second World War, and the business bounced back. The National Steel Car was purchased by Dofasco in 1962. Dofasco is a Canadian steel manufacturing company, but they mishandled the business so bad and the revenue of the National Steel Car began to decline. In 1994, Canadian business man Gregory James Aziz decided to purchase the company and he aims to revitalize it, just like how it was performing during its early years. Learn More.
Gregory J Aziz managed to handle the business well, as the National Steel Car began to flourish during the late 1990s. Greg Aziz also hired an additional 2,500 people that will assist in operations, and the workforce grew from the original 500. Their production rate also grew, and now, The National Steel Car can produce up to 12,500 train cars annually. Gregory James Aziz managed to transform a company that was in decline, thanks to his hard work and profound skills.