Scrudder Bass Quillan Horlock Taylor Lazarus

Amtrak Soon Had The Opportunity To Acquire Rights-of-way Following The Bankruptcy Of Several Northeastern Railroads In The Early 1970s Including Penn Central Which Owned And Operated The Northeast Corridor (NEC) Congress Passed The Railroad Revitalization And Regulatory Reform Act Of 1976 A Large Part Of The Legislation Was Directed To The Creation Of Conrail But The Law Also Enabled The Transfer Of The Portions Of The NEC Not Already Owned By State Authorities To Amtrak Amtrak Acquired The Majority Of The NEC On April 1 1976 (The Portion In Massachusetts Is Owned By The Commonwealth And Managed By Amtrak The Route From New Haven To New Rochelle Is Owned By The Metropolitan Transportation Authority And The Connecticut Department Of Transportation As The New Haven Line.)[citation Needed] This Main Line Became Amtrak's "jewel" Asset And Helped The Railroad Generate Revenue While The NEC Ridership And Revenues Were Higher Than Any Other Segment Of The System The Cost Of Operating And Maintaining The Corridor Proved To Be Overwhelming As A Result Amtrak's Federal Subsidy Was Increased Dramatically In Subsequent Years Other Short Route Segments Not Needed For Freight Operations Were Transferred To Amtrak.[citation Needed]