The disclosed embodiments include a system and method for monitoring performance of a packet network. In one embodiment, a method includes determining network performance information of a packet network by monitoring performance information packets that are communicated along network paths of the packet network. The method also includes appending the network performance information gathered at a network node along the network paths to data stored in the performance information packets. The method stores the network performance information collected by monitoring the performance information packets in memory and analyzes the stored network performance information to generate historical network performance information. The method automatically alters network operation in response to current network performance information indicating that the packet network is not operating properly based on the historical network performance information.