National Steel Car: Leading the Canadian Rolling Stock Manufacturing Industry

Canada has an extensive rail road system. It spans from the eastern Canadian coast to the western Canadian coast, servicing all most of the provinces and territories of the country. The rail ways would also pass by Canada’s major cities, ensuring that the public has a good mode of transport going around Canada. It also encourages trade, and goods are efficiently being delivered all throughout the country. With the advent of the Canadian Rail System in the early 1900s, companies that manufacture rolling stock started to appear. One of the earliest companies to pioneer the rolling stock manufacturing industry is the National Steel Car. Through the years, they have become the largest and the leading rolling stock manufacturer in Canada. However, their success was not that easy.

 

The National Steel Car was established in 1912, just a few years after the inauguration of the Trans-Canadian rail way. During the first years of their establishment, the company has enjoyed a huge number of rolling stock orders from different companies that will soon become the backbone of Canadian rail transport industry. Investors have poured in their finances with the company, because they have seen a bright future ahead of the National Steel Car. The business soared after the company signed contracts with the government of Canada, and other private transport firms have followed suit. There was a sudden boom in the rail transport industry, and National Steel Car has experienced immediate growth. However, the Great Depression in the 1930s turned the tables down.

 

Because of massive unemployment and a global economic meltdown, the National Steel Car is no longer reaching their quotas. There were days where in no orders are coming up, and in order for them not to go bankrupt, the company decided to build other machines aside from rolling stocks. When the Second World War erupted, National Steel Car shifted into building war machines and vehicles. They managed to bounce back from the losses that they experienced from the Great Depression, and they had steady revenue since the world wars ended. The company was purchased by Dofasco in 1962, but they experienced mismanagement and was slowly being pulled by bankruptcy. It was in 1994 when an entrepreneur named Gregory James Aziz (also known as Gregory J Aziz) decided to purchase the company and give back its golden years. Greg James Aziz managed to put the National Steel Car back on track, and today, they have become one of the most stable Canadian companies around. Today, they have a total of 3,000 employees and they have the capacity to manufacture 12,500 rolling stock annually. Click This Link for more information.