American Steamship Co turned a jump in first quarter profit, despite its annual winter break.
GATX Corporation, the company's Chicago-based, New York-traded parent, reported the Jones Act bulker owner brought in $2.5m for the first three months of 2018.
That came even though its ships are in winter lay-up from mid-January through late March.
The figure is an improvement from the $800,000 profit American Steamship posted last year.
The company, headquartered in suburban Buffalo, New York, operates 12 self-unloading dry bulk carriers on the Great Lakes.
GATX, a railcar lessor, posted $41.5m profit for the first quarter, good for $1.12 per share.
