DP World and Virgin Hyperloop One to build hyperloop-enabled cargo system
At top speeds of 1000 km/h, DP World Cargospeed systems aim to deliver freight at the speed of flight and closer to the cost of trucking
DP World and Virgin Hyperloop One have introduced DP World Cargospeed, an international brand for hyperloop-enabled cargo systems. Designed to provide service for high-priority, on-demand goods, DP World Cargospeed systems aim to deliver freight at the speed of flight and closer to the cost of trucking.
Travelling at top speeds of 1000 km/h DP World Cargospeed systems, enabled by Virgin Hyperloop One technology, will transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics, and more. It will expand freight transportation capacity by connecting with existing modes of road, rail, port and air transport. The mixed-use, passenger and cargo system is 100% electric and can be powered by renewable energy.
Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, said: “We have made a significant investment in Virgin Hyperloop One because we see the need for a hyperloop-enabled cargo network to support rapid, on-demand deliveries globally. We believe in Virgin Hyperloop One’s long-term vision. They are the right partner to shape the future of global logistics, and we look forward to developing the first DP World Cargospeed systems with them.”
Richard Branson, founder, Virgin Group, and chairman, Virgin Hyperloop One, said: “The global growth of e-commerce is driving a dramatic shift in both consumer and business behavior. On-demand deliveries are a novelty today. Tomorrow it will be the expectation. DP World Cargospeed systems powered by Virgin Hyperloop One will enable ultra-fast, on-demand deliveries of high-priority goods and will revolutionize logistics, support growth, and create thriving economic regions.”
Hyperloop is a futuristic mode of passenger and freight transportation in which a pod-like vehicle is propelled through a near-vacuum steel tube, with most of its air removed, at higher than airline speed. Next-generation magnetic levitation technology combined with a low-pressure tube environment enables the pods to move quickly with little friction. Hyperloop can achieve top speeds of up to 300 m/s, making it two to three times faster than high-speed rail. The technology facilitates autonomous operations designed to reduce human errors and run with minimal delays. Hyperloop is more cost-effective to implement and operate than high-speed rail. Its fully electric and zero direct emissions make it a highly environmentally friendly technology.
Rob Lloyd, CEO of Virgin Hyperloop One, said: “Virgin Hyperloop One-enabled supply chains can dramatically impact business bottom lines by reducing both finished goods inventory and required warehouse space by 25%. Collectively we chose to call our Virgin Hyperloop-enabled cargo solution DP World Cargospeed, because speed is about more than just getting from A to B; it’s about optimising the entire end-to-end journey. DP World Cargospeed will offer an unprecedented on-demand experience, reliability and the freedom from having to plan too far ahead.”