Date
17 October 2018
DP World Cargospeed promises to "deliver freight at the speed of flight and closer to the cost of trucking". Photo: Virgin Hyperloop One
DP World Cargospeed promises to "deliver freight at the speed of flight and closer to the cost of trucking". Photo: Virgin Hyperloop One

DP World, Virgin Hyperloop launch speedy cargo delivery service

Global trade and supply chain logistics providers DP World and Virgin Hyperloop One are introducing an on-demand delivery service.

Called DP World Cargospeed, the service is “an international brand for hyperloop-enabled cargo systems”, Hyperloop One chief executive Rob Lloyd said in a blog post on the company’s website.

A hyperloop involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods could shuttle people and cargo at speeds comparable to those of airlines.

The new systems will “deliver freight at the speed of flight and closer to the cost of trucking”, according to the blog post.

The systems, traveling as fast as 1,000 kilometers per hour, could shorten the delivery of cargo from a truck journey of four days to just 16 hours, thus cutting costs significantly.

This new supply chain offers extra range to each warehouse and allows for “faster movement of goods over longer distances”, Lloyd said in the blog post.

It will also help bring down finished goods inventory as well as the required warehouse space and cost by 25 percent, thus resulting in “healthier bottom lines”, he said.

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JC/CG

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