Virgin and DP World team up to plan cargo-carrying Hyperloop

Virgin Hyperloop One and Dubai’s DP World have announced "Cargospeed", a service that will use Hyperloop’s vacuum technology to transport goods, not people.

Virgin Hyperloop One says cargo would travel at a speed similar to flight but would only cost the same as trucking.

Travelling at speeds of up to 1,000km/h, time-sensitive goods could include "fresh food, medical supplies, electronics" according to a press release.

The technology would connect with existing forms of travel, road, rail, port and air transport.

Rob Lloyd, Hyperloop One’s chief executive, said: "In just two years, it is estimated that e-commerce will grow to $4 trillion globally.

"By 2050, global freight transport will grow by a multiple of four. The express delivery for high-priority shipments will reach $516bn by 2025.

"Demand for air freight, the go-to shipping method for high-priority goods, is set to double over the next 20 years.

"This growth will strain already overtaxed air, roads, and rail infrastructure to the max."

In February this year, Virgin Hyperloop One signed a deal to build a line between the cities of Pune and Mumbai in India.

Images courtesy of Virgin Hyperloop One

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