The freight hyperloop: the speed of flight and cost of trucking
DP World and Virgin Hyperloop One have partnered to develop hyperloop-enabled cargo systems to transport palletised cargo. The companies will operate under the name Cargospeed and cater to the high-priority on-demand goods industry, ‘delivering freight at the speed of flight and closer to the cost of trucking’.
Hyperloop is a fully electric mode of transportation in which a pod-like vehicle is propelled through a near-vacuum steel tube with most of its air removed. The vehicle travels at a speed of up to 300 meters a second, two or three times faster than a high speed train. While the focus has been on passenger transport, the revolutionary journey can be used for the transport of cargo as well.
Demand of fast delivery
Sir Richard Branson, Virgin Hyperloop One chairman said: “The global growth of e-commerce is driving a dramatic shift in both consumer and business behaviour. 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.”
In particular, Cargospeed will focus on time-sensitive goods such as fresh food, medical supplies and electronics, connecting with existing transport modes of road, rail and air. DP World group chairman and CEO Sultan Ahmed Bin Sulayem said: “Throughout history, cargo has always been the catalyst for transport revolutions. 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.”