“…the third-largest North American containerboard and box producer, Packaging Corp. of America, reported its Q2 results; these included a 9.8% box shipment decline, one of its most severe on record… Box demand is a reliable leading economic indicator, specifically for the goods economy; both the goods economy (as reflected in truck and rail volumes) and box demand have been profoundly weak for over a year, with no indication of improvement ahead.”
