Hyperloop Technology Will Be Applied To High-Speed Cargo Delivery
Hyperloop transport promises to be faster than air travel but at a fraction of the cost.
Virgin Hyperloop One wants to get your packages to you at lightning speed. Richard Branson’s futuristic transport company has partnered with supply chain logistics company DP World to create a new cargo company, DP World Cargospeed.
The new cargo company “will be built for an on-demand world” and will use hyperloop technology to deliver freight “at the speed of flight and closer to the cost of trucking,” Branson said in a blog post Monday. The system will travel at speeds of up to 1,000 kilometers per hour (621 mph) and will “transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics and more.”
Right now there’re only 10 kilometers of Virgin Hyperloop track being built (and they’re all in India).
“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,” Branson said in a statement announcing the new company. “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.”
For Virgin Hyperloop One, the new joint venture with DP World is another sign of the company’s continued renaissance since bringing Virgin aboard. The once scandal-wracked startup now has a partner with seemingly unlimited pockets and a consummate salesman and spokesperson in the chairman’s seat on the company’s board.