Sultan Ahmed Bin Sulayem

Virgin Hyperloop wants to revolutionize freight transport

Virgin Hyperloop wants to accelerate the global supply chain using battery-powered pods gliding through sealed tubes at speeds of up to 670 mph. 

The company is in discussions with airports and port facilities around the world to create a pilot program for cargo shipment services, said Ryan Kelly, Virgin Hyperloop’s vice president of marketing and communications.

“We aim to execute these projects by the end of 2024,” Kelly told FreightWaves. “The U.S. is definitely one of the places where we have...

https://www.freightwaves.com/news/virgin-hyperloop-wants-to-revolutionize-freight-transport

DP World volumes decrease, portfolio increases

DP World reported Monday that 2020 first-half volumes were down 3.9% from the same period last year and that it had acquired a 60% stake in UNICO Logistics.

DP World Ltd. handled 33.9 million twenty-foot equivalent units (TEUs) across its global portfolio of container terminals in the first half of 2020, with gross container volumes decreasing 5.3% year-over-year on a reported basis and 3.9% on a like-for-like basis.

DP World said like-for-like container totals adjust for volumes at Posorja,...

https://www.freightwaves.com/news/dp-world-volumes-decrease-portfolio-increases