A caddy for carrying spools such as those for electrical wire. The caddy has complementary T-shaped slots in opposite side walls and members affixed between the side wall that support the spools, forming a cage, and one member rides within the T-shaped slot. The moving member may be pulled away from the cage to allow for room to release a spool from its cage, but the member will move by itself in response to movement of the caddy to keep the spool or spools locked within the cage.