(Image source: DP World)
Global trade enabler DP World and Virgin Hyperloop One have introduced DP World Cargospeed, an international brand for hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo. Designed to provide exceptional service for high-priority, on-demand goods, DP World Cargospeed systems will deliver freight at the speed of flight and closer to the cost of trucking.
DP World, the largest investor in Virgin Hyperloop One, and the US-based company introduced their vision for the future of on-demand freight transportation enabled by DP World Cargospeed at an event today at the historic vessel Queen Elizabeth 2 hosted by DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem and Virgin Group Founder and Virgin Hyperloop One Chairman Sir Richard Branson, under the patronage of HH Sheikh Mohammed.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, 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. 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.”
Virgin Group Founder and Virgin Hyperloop One Chairman Sir 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 will revolutionise logistics, support growth, and create thriving economic regions.”
Traveling at top speeds of 1000 km/h DP World Cargospeed systems, enabled by Virgin Hyperloop One technology, will transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics, and more. It will expand freight transportation capacity by connecting with existing modes of road, rail, port and air transport.
Rob Lloyd, CEO of Virgin Hyperloop One, said: “Virgin Hyperloop One-enabled supply chains can dramatically impact business bottom lines by reducing both finished goods inventory and required warehouse space by 25%. 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 optimising the entire end-to-end journey. DP World Cargospeed will offer an unprecedented on-demand experience, reliability and the freedom from having to plan too far ahead.”
The Virgin Hyperloop One system underpinning DP World Cargospeed is unique in that it doesn’t need to be passenger-only or cargo-only. Rather, it is a mixed-use system that fully utilizes system capacity and maximizes economic and social benefits. Systems are 100% electric and can be powered by renewable energy, creating a more sustainable solution for cargo transport.