Handle release and locking mechanism

A handle release and locking mechanism for a wagon is provided. The mechanism has a pivotable drum, a handle secured to the drum, a release pedal, a main shaft about which the drum and release pedal pivot, and a locking pin. The release pedal moves from a locked position to an unlocked position by a user. The locking pin extends through the release pedal and the drum, and moves from a first position to a second position via movement of the release pedal. When the locking pin is in the first position the handle is locked in a generally vertical position. When the release pedal is moved to the unlocked position the locking pin is moved to the second position and the handle and pivotable drum can pivot about the main shaft.