A castor supported dolly assembly, but also a dolly assembly that can be used either with or without castors so as to provide a new pallet assembly. The dolly assembly comprises a plurality of dolly members formed of a lightweight, disposable and/or severable material may be interconnected into interchangeable operative positions to define supporting orientations. Each dolly member includes and at least one connecting segment comprising a slot and a base. A connected orientation, of any two of the dolly members, comprises a confronting relation of the bases of engaging connecting segments and an aligned orientation of corresponding passages formed therein, so as to concurrently allow a castor to be removably received and retained in interconnecting relation to the confronting bases. Each dolly member may also include at least one supporting segment structured to receive a castor therein.