Packaging Corp. of America is a manufacturer of containerboard and corrugated products. It is the third-largest producer of containerboard products and corrugated packaging, as well as a leading producer of uncoated freesheet paper in North America. The company produces various corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods. PKG also produces multicolor boxes and displays for packaged retail products and meat boxes and wax-coated boxes for agricultural suppliers. Packaging Corp. of America was founded in 1867. It operates seven mills and 86 corrugated products plants and related facilities. The company has approximately 15,400 employees. The shares are a component of the S&P 500.

Stocks are up at midday on Wednesday though losing some steam as the morning goes on. The Fed is meeting and Chairman Powell will speak at 2pm ET to review where the Fed stands on the economy and rates. The U.S. and China will meet to discuss trade between the two countries this weekend. Earnings are still driving individual stock prices. The yield on the 10-year Treasury note is 4.28%. Oil is at $59 per barrel.

Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. PCA differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. PCA differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.