A shipping, storage and racking method and apparatus for packages designed to be hung on pegs on display racks includes a storage/transfer member dimensioned to pass through the openings by which the packages are hung. An opening is provided along the longitudinal axis of the storage/transfer member to permit the member to be slid over a display rack peg so that packages on the peg can be supported by the member and removed as a single unit by holding them on the member as it is slid off the peg. A reverse procedure is used to deposit packages carried on a storage/transfer member onto a peg. Packages are stored and transported by supporting a storage/transfer member loaded with packages within a container by special means which position and secure the member so that the packages are hung within the container without resting on the container bottom.