A collapsible, reusable container is provided which may be easily and rapidly assembled and disassembled. In its assembled state, side panels are engaged with a base pallet by a pin-and-hole arrangement, with the side panels extending perpendicularly from the base pallet. Securing members prevent the side panels from tilting significantly with respect to the base pallet. Upon disengagement of the securing members, the side panels are tiltable with respect to the base pallet. When tilted sufficiently with respect to the base pallet, the respective side panels are each easily disengageable from the base pallet. The side panels are nestable following their disengagement from the base pallet and may be accommodated within the enclosure formed upon bringing together the lid and base pallet to provide a compact shipping unit.