Abstract: A cable reel lifter/transporter apparatus for elevating a heavy cable reel above a surface to permit free rotation of the reel, thereby allowing cable or tubing to be payed off the reel, and for manually transporting cable reels includes a pair of L-shaped planar frames each having a long straight handlebar arm and a relatively short straight leg which depends perpendicularly downwards from a lower surface of the handlebar, near a front transverse end thereof, each leg having at the lower end thereof a short tubular foot. A tubular bearing support protruding upwards from each handlebar rotatably supports opposite ends of a horizontal cable reel support shaft. A pair of arbors slidable on the shaft have inner tapered portions insertable into a separate spindle hole in each of two disk-shaped end plates of a cable reel, and subsequently secured to the shaft to hold the shaft and cable reel in a fixed position between the frames.