A utility sled is formed from a lightweight material and includes a handle flexibly attached to the front end thereof. The handle includes a hook that is seated within a small opening of the utility sled when not in use. A pair of retractable wheels is attached to an exterior of each sidewall of the utility sled. The sidewalls are biased outward when no load is present. When loaded, the sidewalls advantageously tend to straighten vertically. The formed bottom of the sled includes a plurality of ribs which both add strength to the sled as well as function as sled runners when the wheels are retracted. The ribs operate to reduce friction between the sled bottom and the underlying surface.