In December, more than four million American businesses are scheduled to receive 2007 economic census forms. It’s estimated that 180,000 transportation and warehousing businesses will be among those, so if you are operating your own small trucking business, those forms could be in your mailbox.
OOIDA President and CEO Jim Johnston advises small business truckers not to blow off participating in the census as it’s an important way to stand up and be counted.
Economic census forms from businesses large and small will tell the U.S. Department of Commerce how the U.S. is changing as a nation. Important economic indicators, such as gross domestic product, are directly related to the quality of data obtained.
Economic census data provides the hard figures needed to establish benchmark values for segments of the industry such as small business truckers. You’ll be asked to report information such as employment, payroll and the value of services provided to your customers. Businesses that receive forms are required by federal law to respond. Information about individual firms is kept confidential and only aggregate industry data is published.
For more about the economic census, go to www.business.census.gov. Recipients have until Feb. 13, 2008, to complete the form and return it.