National Steel Car: Transforming the Canadian Railways

The National Steel Car is a Canadian company manufacturing rolling stocks or train cars. They were established in 1912 by a group of investors when the demand for locomotive transport rose. Today, the National Steel Car is known as the largest producer of rolling stocks in Canada. The company’s headquarters can be found in the city of Hamilton, Ontario, and they are consistently being named as the top rolling stock manufacturer throughout its history. The company is now running strong more than 100 years after its establishment, and they continue dominating the rolling stock manufacturing industry. All of it became possible because of the efforts of Gregory James Aziz (also known as Greg Aziz), who is serving as the current chairman and CEO of the National Steel Car.

 

Long before being named as the largest rolling stock manufacturer in Canada, the National Steel Car experienced several changes throughout its lifetime. The company has to face all kinds of challenges along the way, and success was not easy. After its establishment in 1912, the National Steel Car was invested upon by wealthy businessmen who have seen a bright future for the rolling stock manufacturing industry. The bulk of orders soon came, and after a year of operations, the National Steel Car grew tremendously. The investors never expected the company to proliferate, and they were encouraged to invest more. Orders have reached an all-time high, and business is good for the National Steel Car. More clients have partnered with them, including the Canadian Pacific Railway, the Canadian Northern Railway, and even the Canadian Government. Rolling stocks are needed as the Trans-Canadian Railway will be finished soon, and the rail companies need additional train cars for the transport of passengers, goods, and services.

 

However, the greatest challenge that the National Steel Car faced was when the world plunged into an economic meltdown in the 1930s known as The Great Depression. It minimized the company’s operations, and the company was on the face of bankruptcy. Not until the Second World War took place, and they were hired to manufacture war vehicles and war machines. The National Steel Car managed to recover their losses through their war efforts, and the company bounced back. In 1962, the company was purchased by a Canadian steel company, and their performance went down. It was saved by Gregory James Aziz in 1994 and promised that he would revert the company to its glorious days.

Today, the National Steel Car enjoys the leadership under Gregory James Aziz, and they have produced more rolling stocks per year, amounting up to 12,500 units. The number of employees also increased, signifying that the company is alive and kicking. See This Article for additional info.

The Impressive Leadership of Louis Chenevert at United Technologies Corporation

Louis Chenevert is the former chief executive officer of United Technologies Corporation. He has also worked as the president of Pratt & Whitney Canada. Louis Chenevert was born in Quebec. Louis Chenevert went to HEC Montreal which is an affiliate of the Business School of University of Montreal and studied Bachelor’s Degree in Production Management. In May 2011, Louis Chenevert received an honorary doctorate and Aviation Week & Space Technology named him Person of the Year because of his substantial contributions in the industry of aviation.

In his early career, Louis Chenevert worked in the General Motors industry for fourteen years before resigning. He was elected as the president of Pratt & Whitney after working for the firm for six years. He was elected for the position of CEO and chairman of UTC in March 2006. He became the vice-chairman of the Business Council in 2011. Louis Chenevert later on became the executive advisor of the Goldman Sachs Merchant Bank Division and his role was to seek out opportunities in the aerospace and industrial sectors. He resigned from UTC on December 8th, 2014.

The legacy of Louis Chenevert at UTC is what enabled the company to bring together the interests of shareholders, customers, and stake holders in a manner that allowed it to remain at the top even during recession. Under the leadership of Louis Chenevert; the firm remained a market leader of innovation in building space and aerospace. The company was responsible for assembling sophisticated jet engines across the world and it had both commercial and military clients in the constitution state.

UTC also has the Controls & Security business located in Connecticut that is a leader in the provision of refrigeration, air-conditioning, heating, and detection equipment in the U.S market. The unit manufactures flight controls, brakes, aero structures, and flight sensors. UTC operates the biggest escalator and Elevator Company in the world, Otis. The Sikorsky unit produces the highest number of helicopters. During his leadership, Louis Chenevert relocated many engineers from the lower cost community back to Connecticut so as to make it possible for UTC to have room to apply the skills whenever necessary, instead of laying off staff. This shows how innovative he is.