Abstract: A bilateral cargo strap system is provided as a means of securing a variety of different cargo within a storage area. The bilateral cargo strap system utilizes a combination of elastic straps with perpendicularly positioned stabilizing rods to improve retention of a variety of cargo within a storage area. The elastic straps extend over the retained cargo and are used as the means of engaging mounting features within the storage area. The stabilizing rods effectively distribute the tension force of the elastic straps over the retained cargo securing it in place within the storage space. The bilateral cargo strap system is versatile and may be used to secure a wide variety of cargo including, but not limited to, kayaks, coolers, bicycles, lumber, and construction equipment.