Freight transport looks to increase speed
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DP World Cargospeed is set to provide service for high-priority, on-demand goods, delivering freight through the Hyperloop system
A new global company has been created through a partnership between global trade enabler DP World and Virgin Hyperloop One to provide hyperloop-enabled cargo systems to support the fast, sustainable, and efficient delivery of palletised cargo.
DP World Cargospeed is intended to provide service for high-priority, on-demand goods, delivering freight at the speed of flight and closer to the cost of trucking through the Hyperloop system.
Its developers say the 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 a higher speed than airlines.
Hyperloop is said to be more cost-effective to implement and operate than high-speed rail, with its fully electric and zero direct emissions making it a highly environmentally friendly technology.
"The global growth of e-commerce is driving a dramatic shift in both consumer and business behaviour," Sir Richard Branson says.
"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 can revolutionise logistics, support economic zones, and create thriving economic megaregions."
According to the developers, DP World Cargospeed systems, enabled by Virgin Hyperloop One technology, will transport high-priority, time-sensitive goods, including fresh food, medical supplies, and electronics. They envisage it will expand freight transportation capacity by connecting with existing modes of road, rail, and air transport.
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