The high-speed, low-friction trains still very much in the conceptual stage at DP World Cargospeed will run above ground at speeds comparable to airfreight transportation, but at a potentially much lower price due to anticipated energy savings.
“The global growth of e-commerce is driving a dramatic shift in both consumer and business behavior,” said Richard Branson, founder of the Virgin Group, who was in attendance. “On-demand deliveries are a novelty today. Tomorrow it will be the expectation.”
The event was hosted on the historic ship and hotel “Queen Elizabeth II” in Dubai, and attended by industry members and global leaders, including Mohammed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates, and Ahmed Bin Sulayem, DP World’s group chairman and CEO.
“We have made a significant investment in Virgin Hyperloop One because we see the need for a hyperloop-enabled cargo network to support rapid, on-demand deliveries globally,” said Bin Sulayem.
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