We consider online packing problems where we get a stream of axis-parallel rectangles. The rectangles have to be placed in the plane without overlapping, and each rectangle must be placed without knowing the subsequent rectangles. The goal is to minimize the perimeter or the area of the axis-parallel bounding box of the rectangles. We either allow rotations by 90^? or translations only. For the perimeter version we give algorithms with an absolute competitive ratio slightly less than 4 when only translations are allowed and when rotations are also allowed. We then turn our attention to minimizing the area and show that the competitive ratio of any algorithm is at least ?(?n), where n is the number of rectangles in the stream, and this holds...