A collapsible truck rack that can be assembled and disassembled easily without the use of tools. The rack can be stored in the interior periphery of the truck bed so as not to appreciable diminish the capacity of the truck bed for the placement therein of items to be transported. The rack does not increase the profile of the vehicle when in the collapsed position and therefore reduces drag during transport. An X-load is added to reduce shift of the load during turns. An optional brace can be bolted to the top surface of the periphery of the truck bad. An optional canvas cover can be used to cover the collapsed rack to secure and protect the rack when not in use.