More and more high-level order-picking trucks are used to pick and transport goods in warehouses. The dynamic stability of the truck has great effect on operation efficiency, quality and safety. It is instructive and meaningful for the optimization of structure and control strategy to analyze the dynamic stability of the truck. Firstly, the dynamic model of the order-picking truck is established using Alembert principle, and then the dynamic stability of the truck is analyzed. Secondly, the virtual prototype model of the truck is established and traveling process is simulated. The simulation further verifies the dynamic stability of the truck.