A rack which can be used in connection with the storage and transportation of pipe and other tubular goods. The rack is adjustable to accommodate many different types of tubular goods, and keep such different tubular goods segregated from one another. A horizontal track is provided with at least two vertical divider posts which can slide along the length of the track. The vertical divider posts can be locked in place at desired intervals along the horizontal track, thereby defining a plurality of compartments for holding pipe or other tubular goods.