Question-and-Answer Session
Operator
(Operator instructions). Our first question will come from Ed Wolfe, Wolfe Research.
Ed Wolfe – Wolfe Research
Thanks, good afternoon guys. Jim was going pretty quick so I’m sorry if you said it and I missed it but can you talk about what the FAA FEMA revenue was in the quarter and what the operating income and also the year ago and then talk about what you’re expecting or what’s in your guidance for second quarter and going forward.
Henry Gerkens
Okay, it’s about, Jim you can correct me, it’s about $3.4 million of revenue included in 2007 and nothing in 2008. That equates to about $0.01 a share from on an EPS basis and again zero in 2008. There is nothing factored in our forecast for FAA. That contract has not been awarded to anybody at this point in time so there’s nothing factored into any of our EPS numbers or revenue numbers.
Ed Wolfe – Wolfe Research
I would assume you know God forbid there’s a disaster even though they haven’t re-awarded it that you’re still the standing provider of those services, is that how you’re treating it or not?
Henry Gerkens
Let’s put it this way, I don’t like to assume much but I would, if I were the government yeah I would turn to Landstar.
Ed Wolfe – Wolfe Research
You stopped breaking out the corporate overhead, can you give us a sense of what that number was for the quarter and how it was apportioned between transportation and insurance?
Jim Gattoni
There is no apportionment between transportation and insurance, it all goes to transportation.
Ed Wolfe – Wolfe Research
And what’s the number for the quarter? It was $12.6 million a year ago, one quarter 07.
Jim Gattoni
$14.3.
Ed Wolfe – Wolfe Research
$14.3, thanks guys I’ll get back in the queue, I appreciate it.
Operator
Our next question comes from Justin Yagerman, Wachovia Securities.
Analyst for Justin Yagerman – Wachovia Securities
Hey good morning guys, this is Rob [Salmon] on for Justin Yagerman. I guess you guys had mentioned a little bit toward the end of your remarks about kind of an expectation for tightening of capacity out there, I was curious what you guys were seeing in terms of your interactions with some smaller carriers, what you’re currently seeing in the marketplace on that front.
Henry Gerkens
Well a couple things, I mean we see even from our own BCO front as far as the more difficult to bring people in because there’s less people out there actually looking. People are exiting from our brokerage capacity aspect, it’s hard to tell because again we don’t know why people might be exiting, we have as you can see from our report, have increased our total capacity and increased our total brokerage capacity.
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