DP World, Virgin Hyperloop One partner to create ultra-fast cargo transporter

April 30, 2018: Dubai-based port operator has partnered with US-based Virgin Hyperloop One to create new global company that enables fastest and efficient delivery of high-priority cargo. 

DP World Cargospeed is designed to deliver goods at speeds of up to 620 miles per hour and link to existing roads, rail and air infrastructure, according to reports.

The new ultra-fast hyperloop for cargo will transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics, and more. 

Sultan Ahmed Bin Sulayem, Group chairman and CEO of DP World said: “Throughout history, cargo has always been the catalyst for transport revolutions. With a bold vision for the future, Dubai has always pushed the boundaries of innovation. This spirit of innovation has enabled us to become a world leader in logistics. 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.”

Virgin founder Richard Branson 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 can revolutionise logistics, support economic zones, and create thriving economic megaregions.”

Rob Lloyd, CEO of Virgin Hyperloop One said: “Based on McKinsey’s assessment of our technology, Virgin Hyperloop One-enabled supply chains can dramatically impact business bottom lines by reducing both finished goods inventory and required warehouse space by 25 percent. 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 optimizing the entire end-to-end journey. DP World Cargospeed will offer unprecedented customer experience, reliability and the freedom from having to plan too far ahead.”

The new Hyperloop-based cargo systems’ uniqueness lies in the fact that it doesn’t need to be passenger-only or cargo-only. It is a mixed-use system that fully utilises system capacity and maximises economic and social benefits. Systems are 100 percent electric and can be powered by renewable energy, creating a more sustainable solution for cargo transport.