DP World and Virgin Hyperloop One have made a ground-breaking partnership to create DP World Cargospeed, a global company looking to provide freight delivery services through hyperloop technology.
Hyperloop is the latest in passenger and freight transportation, where a vehicle is propelled through a near vacuum tube at speeds two to three times faster than current high-speed rail.
Combining magnetic-levitation technology and the low pressure, near vacuum tube reduces friction on the vehicle, allowing it to achieve top speeds of up to 300 metres per second.
The technology also facilitates autonomous operations, reducing the likelihood of human errors and delayed schedules, whilst being fully electric with zero direct emissions — making it more cost-effective than operating high-speed rail transport.
Image courtesy of Virgin Hyperloop One
His Highness Sheikh Mohammed bin Rashid, Deputy Ruler of Dubai, said: “The UAE is keen to be a leading player in shaping the future of the world.
“Being a pioneer means taking bold decisions that open the way for adopting innovative solutions.
“We have big aspirations because we have unlimited mindsets and the confidence that we can achieve whatever we set our minds to.”
DP World Cargospeed will be designed to transport high-priority, time-sensitive goods including fresh food, medical supplies and electronics, and will be made to connect with existing road, rail and air transport modes to expand freight moving capacity.
Read the “The Singularity: Unifying Technology” technical paper, a discussion on how the industry will develop as technology exponentially evolves
DP World and Virgin Hyperloop One unveiled their vision for the hyperloop-enabled freight transportation system at a launch event attended by His Highness Sheikh Mohammed bin Rashid, DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem and Virgin Group Founder and Virgin Hyperloop One Chairman, Sir Richard Branson.
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.”
Watch Hyperloop One's video explaining the technology behind the next-generation transport system
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 can revolutionise logistics, support economic zones, and create thriving economic megaregions.”