More and more customers expect products in their hands as soon as possible after purchasing online. This is putting a huge demand on the freight and logistics industry – a demand that will only keep growing.
To solve this problem, I’m excited to announce that Virgin Hyperloop One is teaming up with DP World, a global expert in trade and supply chain logistics, to build a new cargo brand, DP World Cargospeed, which will be built for an on-demand world.
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.
Two elements control freight transport: cost and speed. If you want something fast, be prepared to pay a high multiple. If you can wait several days, ship it via ground transportation, and it will be cheaper. We’re looking to change that equation. With DP World Cargospeed powered by Virgin Hyperloop One, a four-day truck journey can be reduced to 16 hours and costs will plummet.
The DP World Cargospeed system has the potential to change freight transportation around the world. Take India as an example. Today, 25 percent of cargo traveling through the Mumbai port has its origin or destination in Pune. A large portion of this cargo trundles along the crowded Mumbai-Pune Expressway which carries 110,000 vehicles daily. A Virgin Hyperloop One system in the region could reduce a two-to-three hour journey between the two cities by truck to just 25-minutes and combine the State’s two largest economic centres into a thriving, competitive megaregion.
DP World Cargospeed, powered by the Virgin Hyperloop One system, could enable the rapid movement of freight and light cargo between the two cities, enabling on-demand deliveries, supply chains, and next-generation logistics. The network would help support the development of Pune’s growing manufacturing and IT sectors. The system could also integrate seamlessly into the region’s transport ecosystem and connect with the Navi Mumbai International Airport (NMIA) enabling the transport of goods in addition to passengers.
With operations in 40 countries around the world, DP World is an unparalleled expert in trade and supply chain logistics. That expertise combined with our ground-breaking hyperloop technology creates a winning combination. DP World Cargospeed can create a high-speed logistics and supply chain backbone capable of supporting the on-demand global economy for the next century.