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DP World, Virgin Hyperloop One unveil international brand for hyperloop-enabled cargo systems

LBR Staff Writer Published 01 May 2018

DP World and Virgin Hyperloop One have established a new global company, DP World Cargospeed, which provides hyperloop-enabled cargo systems to support delivery of palletized cargo.

The new international firm will provide hyperloop-enabled cargo systems to deliver high-priority and on-demand goods.

By using Virgin Hyperloop One technology, DP World Cargospeed systems will travel at top speeds of 1000km per hour.

DP World Cargospeed systems will be used for the transport of high-priority and time-sensitive goods such as fresh food, medical supplies, electronics and others.

DP World Cargospeed systems can extend freight transportation capacity by linking with existing modes of road, rail, port and air transport.

According to DP World, the hyperloop-enabled system will deliver freight at the speed of flight with the cost of trucking.

DP World Group chairman and CEO Sultan Ahmed Bin Sulayem 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.”

Hyperloop is a futuristic mode of passenger and freight transportation in which a pod-like vehicle is prompted through a near-vacuum steel tube, with most of its air removed, at higher than airline speed.

Next-generation magnetic levitation technology aggregated with a low-pressure tube environment allows the pods to move rapidly with little friction.

Hyperloop holds capacity to travel at top speeds of up to 300m per second. Its technology facilitates autonomous operations, enabling to reduce human errors and run with minimal delays.

Virgin Group founder and Virgin Hyperloop One chairman Sir Richard Branson said: “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.”

Image: DP World and Virgin Hyperloop One partner to create new global company to provide hyperloop-enabled cargo systems. Photo: courtesy of GlobeNewswire, Inc. / Virgin Hyperloop One.