Boland and Cornelius Company

Boland and Cornelius Company was a shipping company founded in 1904 by Messrs Boland and Adam E. Cornelius in Buffalo, New York. Adam Edwards Cornelius came up with the idea of having self-unloading ships to save time and money. Adam Edwards Cornelius self-unloading ships changed the way ships were unloading. In 1907 Boland and Cornelius founded the American Steamship Company a subsidiary of Boland and Cornelius Company. American Steamship Company later became the current GATX Corporation. Boland and Cornelius Company flew a white and red flag with B&C in blue.
In 1973, the Boland and Cornelius families sold Boland and Cornelius Company and American Steamship Company to the General American Transportation Corporation (GATX).

Source: Wikipedia