A rack assembly for transportation and display of potted plants and similar articles. The rack includes vertical supports, and a plurality of trays that are slidingly supported on the posts. The trays are extensible from a retracted position in which the trays are arranged in compact, vertically spaced relationship for transportation, to a deployed position in which the trays extend on opposite sides in an alternating arrangement with increased vertical spacing, and are tilted to a downwardly angled orientation so that the plants can be readily viewed and accessed by customers and other personnel. The posts and trays are mounted on a mobile frame that includes stabilizer legs which prevent the assembly from tipping when the trays are in the deployed position. The posts and trays are removable from the frame, and can be broken down for storage.