Abstract: A collapsible rack is disclosed for use in the storage area of a tractor trailer or a freight car of a train to facilitate storage of transported goods. The collapsible rack generally comprises an upper section having top and bottom surfaces and a plurality of legs connected to the upper section. Structure is provided for rotatably mounting the legs in association with the upper section to allow the legs to pivot between an extended position for supporting the upper section and a retracted position in which the legs can overlie, and be parallel to, the upper section. A stabilizing means is connected to the upper section for maintaining the legs in the extended position. The stabilizing means also can act to elevate a retracted rack above a storage floor to permit access of lift elements such as of a fork lift, beneath a stored rack for lifting.