A stackable carrier assembly, carrier stacking system, and method of storing carrier assemblies is disclosed. The carrier assembly includes a base member presenting a load surface and opposite facing transfer surface. A plurality of carrier trolleys extend transversely from the load surface to engage conveyor tracks. A plurality of track sections are coupled to the load surface for receiving the carrier trolleys of another carrier assembly. The track sections are vertically aligned with the carrier trolleys. In a power and free or friction drive conveyor system, a lift device and telescoping arm can lift and stack the carrier assemblies so that track sections of one carrier assembly receive the carrier trolleys of another carrier assembly. In an overhead conveyor system, one carrier assembly can hang from the track sections of another carrier assembly.