DP World, Virgin Hyperloop hail decision bringing hyperloop systems one step closer to reality

DP World, Virgin Hyperloop hail decision bringing hyperloop systems one step closer to reality

DP World has lauded a decision by the US House of Representatives to pass legislation requesting a regulatory framework for the safe deployment of hyperloop systems. The Non-Traditional and Emerging Transportation Technology, NETT, Council in the US is expected to issue guidance within the next six months to help set out a clear regulatory framework for the industry.

The Dubai- based provider of worldwide smart end-to-end supply chain logistics launched the 'DP World Cargospeed' international brand in 2018. The first initiative of its kind, DP World Cargospeed represents a vision for the future of cargo transportation. The new venture was created through a partnership between DP World and Virgin Hyperloop to provide hyperloop-enabled cargo systems that will facilitate the fast, sustainable and efficient delivery of palletised cargo around the world.

Sultan bin Sulayem, Group Chairman and CEO of DP World and Chairman of VH, said, "We are excited to see this revolutionary vision becoming part of the future of transportation, as much as we are confident that Virgin Hyperloop will take a leap forward and deliver on a 21st century transportation solution. The decision is a huge vote of confidence that we are all on the right side of history. The move,