Abstract: A portable pallet rack is described and includes a horizontally disposed frame having supporting wheels provided thereon. The rack is designed to accommodate either four or six stacks of pallets thereon. The pallet rack is moved beneath the underside of the trailer floor and is vertically movably mounted with respect to the trailer by means of a pair of winch assemblies. The winch assemblies are quickly and easily adjustably mounted at the underside of the floor without any welding or drilling being required. The fact that the winch assemblies are quickly and easily adjustably mounted at the underside of the floor permits the pallet rack to be longitudinally shifted to place the weight thereof either on the rear axle of the trailer or on the truck.