A new high-speed transport system – the Hyperloop – recently completed a test in which the system accelerated a sled to 116 miles per hour (mph) in only 1.1 seconds.
The pods inside the hyperloop are designed to travel at around 700mph (1,120kmph).
Rob Lloyd, CEO of Hyperloop, the technology that could radically alter trade, said: “It's real. It's happening now.”
The Hyperloop would drastically increase the time cargo has to travel from port to port, or port to logistics centre, with estimates that a 400 mile journey from San Francisco to Los Angeles could be done in only 30 minutes.
James Moore, Director of the University of Southern California's Transportation Engineering Program, said: “I would certainly not say nothing will come of Hyperloop technology. But I doubt this specific piece of technology will have a dramatic effect on how we move people and goods in the near term.”
Hyperloop hopes to start moving cargo by 2019 and people by 2021 and could be able to move people and cargo at the speed of sound.
PTI previously reported that a group of Silicon-Valley investors called Hyperloop Technologies had invested US$8.5 million into the project.
The idea is the brain-child of billionaire US entrepreneur Elon Musk and was first proposed in 2013, however, he abandoned the project after reportedly shifting his focus onto solar energy and technology projects.
Watch a video below showing the test run of the futuristic technology: