A shipping crate for shipping objects such as all-terrain vehicles (ATVs) and personal water-crafts (PWCs). The shipping crate is completely recyclable and includes a top frame structure and a bottom frame structure. The top and bottom frame structures are operable to telescopically engage each another when the crate is empty. Also, leg portions can be placed between the top and bottom frame structures and the leg portions can telescopically engage the top and bottom frame structures at opposite ends thereof.