A cargo carrier attachable to a trailer hitch receiver, the cargo carrier comprising a hitch adapter mountable to the trailer hitch receiver; a mounting element; and a cargo receiving portion secured to the mounting element. The mounting element includes a movable element and an actuator, the movable element being removably mountable to the hitch adapter, the movable element being selectively movable relative to the cargo receiving portion between lower and upper positions, the actuator being operatively coupled to the movable element for moving the movable element between the lower and upper positions.