(DUBAI)

A new international company has been launched to transform cargo deliveries with hyper loop transport technologies.

DP World Cargospeed is a collaborative venture between ‘global trade enabler’ DP World and Virgin Hyperloop One. The hyperloop system is the dictionary definition of a game changer, capable of propelling levitated pods through narrow airless tubes at the speed of flight. They are 100% electric and ‘can be powered by renewable energy’.

 

“DP World Cargospeed will use hyperloop technology to deliver freight at the speed of flight and closer to the cost of trucking. Traveling at top speeds of 1000 km/h DP World Cargospeed systems will transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics, and more,” blogged Richard Branson.

 

Richard attended the launch of DP World Cargospeed with Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

“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,” added His Highness Sheikh Mohammed bin Rashid.