Fortress Investments Group’s Brightline partnership with Virgin Group

Brightline is the first private railroad in the USA that is owned by Fortress Investment Group. It has carried out the transportation services for over a century now. Brightline most recent initiative is the development of a partnership with Virgin Group, which is currently the leader in travel and hospitality in the US.

It is a move that Fortress Investment Group hopes will be beneficial to Brightline in various ways. Firstly, it is expecting the company to adopt from Virgin the expertise that has helped it to become the industry leader and methods of enhancing the customers’ experience to recreate a brand that is popular and competitive in the industry. Read more about Fortress Investment Group Reviews at indeed.com

The partnership has come at a time when Brightline has expanded its commuter train services to Fort Lauderdale, Miami, as well as Palm Beach. It is also developing plans for other areas including Tampa and Orlando. The Fortress Investments Group announced that the initiative is part of the company’s effort to revive the private sector rail services in the USA.

Since Brightline shares the Virgin Group’s objective of creating unique customer experience and they both have a culture of innovation, Fortress Investments Group saw it as a strategy that positions Brightline for success. Virgin Group is made of at least 60 companies that are diversified in various sectors such as travel, leisure, wellness, Music, health to mention but a few.

Under the management of Fortress Investment Group, Virgin shall own minor interests while Brightline shall remain to be the largest shareholder. The other expected change is the renaming of the railroad system into Virgin Trains USA. Virgin agreed for Brightline to retain its leadership even after the partnership.

Fortress Investment Group is looking forward for the partnership to amplify the growth efforts of Brightline. The partnership is a means to improve access to potential customers that could boost the ridership by millions. Virgin has adequate experience in this kind of investment from their UK based Virgin Trains that have been running for the past two decades. Statistics indicate that in 2017 alone, commuters took approximately 38 million trips using the Virgin Trains

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Gregory Aziz: CEO of National Steel Car

National Steel Car’s CEO and president, Gregory James Aziz, was born in London Ontario. He first attended Ridley College, and later he completed his economics degree after graduating from the University of Western Ontario.

National Steel Car, which is based in Hamilton, Ontario, is a manufacturing company that specializes in engineering railroad freight cars. It is among the world’s leading companies in this industry.

He joined his family business in 1971. Gregory J Aziz ‘s family ran a business called Affiliated Foods, which was in the industry of wholesale foods. The company’s role was to import a variety of fresh foods from locations such as Europe and South and Central America. Affiliated Foods then distributed these foods throughout Eastern Canada and the United States, where they were sold at various wholesale markets for fresh foods.

In the late 1980s and early 1990s, Gregory J Aziz worked in New York on opportunities in the world of investment banking. Later, he went on to buy National Steel Car in 1994 from its previous owner, Dofasco. His goal was to turn the already successful Canadian company into the best manufacturer of railroad freight cars in North America. Gregory J Aziz focused primarily on the company’s strength, which was it s engineering capabilities. After investing a significant amount of capital, he grew the company to the point of manufacturing 12,000 cars per year in 1999. This was a great improvement over the 3,500 cars per year it was able to manufacture when Greg James Aziz first took over leadership. Go Here for related Information.

 

Thanks to his efforts, National Steel Car is now one of the most prominent companies in industry, and it continues to manufacture thousands of new freight cars every year. The TTX SECO highest quality award has been consistently awarded to National Steel Car for several years now, which has publicly recognized the company’s excellence.

 

Greg J Aziz’s National Steel Car is quite dedicated to serving the Hamilton community and giving back in a variety of ways. The company has sponsored the United Way, the Hamilton Opera, the Salvation Army, Theatre Aquarius and a number of other charities in the area.

The Last Manufacturer: Greg Aziz and National Steel car

Sometimes a company needs a revival and a new strategy in order to continue to compete in its industry. This is exactly what National Steel Car, a manufacturer of rolling stock and railcars located in Ontario, needed. It is easy to sit and think about how a company can go through this type of revival, but it takes true heroes and titans of business to actually do it. Lucky for National Steel Car and the economy of Hamilton, Ontario, this titan of business was Gregory J. Aziz.

Gregory James Aziz was born and raised in Ontario. After graduating from the University of Western Ontario with a degree in Economics, he started working for a small food distributor named Affiliated Foods. Under his supervision and leadership, Affiliated Foods grew its distribution networks into South America, the United States, and even Europe. When he arrived, Affiliated Foods was just a purveyor dealing mostly in Ontario, and when he left it was an international company that was focused on the future. After spending about a decade working with some investment firms. Greg Aziz decided to purchase National Steel Car and do it all again.

Aziz found his way to NSC in 1994, and when he purchased the company, it was focused on an old business model in a dying industry. Something had to be done and the strategy had to be changed if this company was ever going to see success again. Greg Aziz did a thorough analysis of the company and found that it was failing for a few reasons.

First of all, distribution was only to Canada, so Aziz wanted to expand to other markets. Secondly, NSC was focused on making cars that were cheap and easy to purchase for customers instead of high-quality. Due to several rail accidents in recent years, regulatory agencies were focused on safety and engineering. Aziz decided that the new focus of the company should be building quality cars that would last for decades and always pass these regulator tests. The third item that Greg Aziz found was that they would need to increase capacity to deal with new demand after implementing the first and second strategies.

 

With Gregory J. Aziz at the wheel, National Steel Car has never been better. The focus on quality has attracted several new customers, and NSC now has contracts with almost every major railroad in North America. Capital spending has increased the production capacity of the company nearly 300 percent. The focus on engineering has created a product that everyone wants. Thanks to his business acumen and ability to get things done, Gregory Aziz has ensured that NSC will be around for a long time to come.  Go To This Page for related information.