A cargo support and storage system for use in a vehicle and method is provided and includes a first stabilizing element having a primary end and a secondary end. The primary end of the first stabilizing element is extendible from a first sidewall to a second sidewall of the vehicle. A second stabilizing element can include a primary end and a secondary end, the primary end of the second stabilizing element being extendible from the first sidewall to the second sidewall of the vehicle. The first and second stabilizing elements are spaced away from and substantially parallel to each other, and can be formed as belts. When in use, the first and second stabilizing elements can be maintained in tension, but can be removed or retracted when not in use so that they do not take up space in the cargo area of the vehicle. A storage box can be provided and tailored to include extension that mate with the stabilizing elements such that the box can be hung in the cargo area. The cargo support and storage system according to the disclosed subject matter provides for a lower cost, lower weight and space efficient solution to cargo storage needs in a vehicle.