Not every business is guaranteed to succeed. Business is a very fickle and volatile thing. One second you can be doing great and then another find yourself completely bankrupt. Because of this truth, it is surprising to see that National Steel Car has celebrated 100 years in business. Some people want to chuck this up to luck. However, for those in the know, this great feat was accomplished by the chief executive officer, Gregory James Aziz.
James Aziz is the one and only reason why the company has succeeded for as long as it has. He came to the company as CEO during a time when the Canadian Market was in volatility. What had made the Canadian Market so volatile was new regulations that were passed to protect the environment and the railway industry. The unfortunate consequence of these regulations was that many companies found that it became cost prohibitive to do business in Canada. The main problem that they were having was that it was too costly to transport goods. This is because the Canadian government put a cap on how much gas emissions could be used on the railway. If they were going to survive then the companies had to change.
Greg Aziz got down to business. The first thing he began to do was work with the researchers and developers inside his company to make a railway car that will use less gas emissions. Many people felt it could not be done, however, he proved them all wrong. Through many years of work, he was able to create a railway car that used 90% less emissions than any other railway car before it. This allowed several businesses, who at one time could not do business in Canada, to extend into this territory.
One such company was Canpotex. They were the main exporter of potash. They struck a deal with national steel car to purchase over 7,000 Railway cars for a grand total of 500 million dollars. It was because of this deal that Canpotex was able to meet Canadian regulations and get to the top of their field.
Because James Aziz was wise enough to put his company in the area to meet a great need, National Steel Car will now last for well over 100 years. It was the wisdom of Gregory James Aziz that was able to create this company’s long-lasting legacy.