HTT joins the container raceNovember 20, 2018
Hyperloop Transportation Technology signed two letters of intent with the Port of Hamburg.
Together the two companies want to transport up to 4100 intermodal containers into the hinterland from where the cargo can be picked up by trucks.
The proposed solution would alleviate traffic congestion in the vicinity of the port and reduce the CO2 emission.
The company joins a race where there already exists some competition. EUROLOOP plans to move full size containers without additional repacking which greatly increases the operational expenses and Time to Delivery. The company has signed multiple letter of intents with the industry members and plans to plugged into the Belt and Road Initiative container traffic.
Virgin Hyperloop One (VHO) created a subsidiary called DP World Cargospeed which aims to move the goods from the container terminals operated by the DP World – one of the main investors in VHO. According to the video they published the goods are supposed to be repacked to smaller containers and then moved by means of Linear Induction Motors and Magnetic Levitation.