The Portland Terminal Railroad Company (PTRC), formerly the Northern Pacific Terminal Company (NPTCo.), was created to be the heart of Henry Villard s Northwest rail empire. The NPTCo. survived the whims of the financial markets, two world wars, and numerous corporate mergers. It reached its zenith in the 1950s and changed its name to Portland Terminal Railroad Company in 1965. The company continues to operate as a successful business, serving the local freight needs of the parent railroads and Guild s Lake industrial district."