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May 6, 2018 01:34 am

New Hyperloop Cargo Company Promises Deliveries at 600 MPH

Virgin Hyperloop One just announced that they're teaming with the supply-chain firm DP World to build hyperloop-enabled cargo systems. An anonymous reader quotes CNN:Called DP World Cargospeed, the venture claims it will be able to "deliver freight at the speed of flight and close to the cost of trucking..." So far Virgin Hyperloop One's test capsule has reached speeds of 387 kmph (240 mph), but the company predicts it will send cargo at a top speed of 1,000 kmph (621 mph). In a blog post by Virgin Hyperloop One CEO Rob Lloyd, he calculated a four-day truck journey could be cut to 16 hours. While costs are estimated to run 50% higher than truck transit, Cargospeed believes it can be over five-times cheaper than air freight... In the announcement, time-sensitive goods such as food and medical supplies were highlighted as items that could benefit from hyperloop's speed. Renders released with the announcement suggest there are plans to integrate drone delivery into the supply chain too. Virgin Hyperloop One also released a slick video about the venture promising that they're "pushing the boundaries of innovation." The Washington Post reports that company officials "said they hoped to start construction on a test site in India next year."

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