Abstract: A folding pallet (10) is disclosed which has frame members including upright posts (11,12) base members (16) connecting the front and back posts at their bottoms, top side members (14) connecting the front and back posts (11,12) at their top ends, the top cross rods (17) and bottom cross rods (18) connected to and extending between the vertical posts (11,12) at their tops and bottoms, respectively. A bottom tray (20) is pivotally mounted to one of the bottom cross rods so that it can be moved from a horizontal position covering the bottom of the pallet to a vertical position out of interference with the folding of the various frame members. The vertical posts (11,12) are rotatably mounted to the base members (16) and top side members (14) so that when the tray is lifted up, the pallet can be folded to a flat configuration by drawing a diagonally opposed front post (11) and back post (12) together.