Just in:
2024 Lok Sabha Election Is A Historic Battle Against The Advent Of Fascism In India // Arvind Kejriwal Gets International Heft Against The Deshi Vishwaguru // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Emirates Post Speeds Up Deliveries for GCC with Special Day // In Lok Sabha Polls In Punjab, AAP Is Advantageously Placed As Against Its Three Rivals // Experts come together to support updating the city’s nature conservation masterplan // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Near Miss at Kolkata Airport: IndiGo Plane Makes Contact with Stationary Air India Express // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Employer Obligations Tighten: 30-Day Deadline for Emirati Employee Registration with GPSSA // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // The World’s First & Wettest Party: “S2O Hong Kong Songkran Music Festival” proudly returns Get an immersive water and music experience on 8-9 June during Dragon Boat Festival long weekend at Central Harbourfront Event Space! // Hullabaloo About Electoral Bonds May End Up As A Whimper Pre And Post Poll // Hong Kong Seen Granting Mainland Investors Access to Crypto via ETFs // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers //
HomeChannelsFeaturedDP World announces stepping down of Branson as Hyperloop One chairman

DP World announces stepping down of Branson as Hyperloop One chairman

dims

|By Arabian Post Staff| DP World announced that Sir Richard Branson has decided to step down from his role as chairman of Virgin Hyperloop One, which has a project with the Dubai-headquartered global port operator to launch DP World Cargospeed–an international brand for hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletized cargo.

Virgin Hyperloop said Branson’s decision is based on the increased commitment of time the position now requires. He had played a significant role in the growth and development of the company. He will remain a significant supporter of VH1. The company is in a strong position and therefore it is time for a new full time Chairman to lead the next chapter of VH1, a company stateement said.

Sir Richard said: “For the first time in more than 20 years, I took on a Chairman’s role last year to help Virgin Hyperloop One through a transitional period. We have since secured key agreements in India, Spain and are working with a number of US States to further develop this exciting technology. At this stage in the company’s evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities. It will be difficult for me to fulfill that commitment as I already devote significant time to my philanthropic ventures and the many business within the Virgin Group.”

ADVERTISEMENT

Designed to provide exceptional service for high-priority, on-demand goods, DP World Cargospeed systems will deliver freight at the speed of flight and closer to the cost of trucking. As leading innovators of automation and port efficiency, DP World saw the potential for hyperloop early on and has been a long-time supporter of Virgin Hyperloop One. DP World’s expertise in automation and logistics efficiency combined with the revolutionary new technology of Virgin Hyperloop One can help revolutionize supply chains and logistics industry

Traveling at top speeds of 1000 km/h DP World Cargospeed systems, enabled by Virgin Hyperloop One technology, will transport high-priority, time-sensitive goods including fresh food, medical supplies, electronics, and more. It will expand freight transportation capacity by connecting with existing modes of road, rail, ports and air transport. Additionally, the Virgin Hyperloop One system powering DP World Cargospeed is unique in that it doesn’t need to be passenger-only or cargo-only. Rather, it is a mixed-use system that fully utilizes system capacity and maximizes economic and social benefits.

Two elements control freight transport: cost and speed. If you want something fast, be prepared to pay a high multiple. If you can wait several days, ship it via ground transportation, and it will be cheaper. We’re looking to change that equation. With DP World Cargospeed powered by Virgin Hyperloop One, a four-day truck journey can be reduced to 16 hours and costs will plummet.

With DP World Cargospeed, deliveries can be completed in hours versus days with greater reliability and fewer delays. It will expand freight transportation capacity in a region by connecting with existing modes of road, rail, ports and air transport and provide greater connectivity with manufacturing parks and economic zones, distribution centers, and regional urban centers.

A faster and more frequent hyperloop-enabled supply chain gives each warehouse extra range and enables faster movement of goods over longer distances. This can shrink inventory lead times and help reduce finished goods inventory and cut required warehouse space and cost by 25% leading to healthier bottom lines. DP World Cargospeed networks can also enable just-in-time, agile manufacturing practices. These savings and benefits can add up to far more than the savings in transportation costs, especially for high-value, time-sensitive goods.

ADVERTISEMENT

Countries, regions, and states around the world could benefit from a DP World Cargospeed system. Take India as an example. Today, 25 percent of cargo traveling through the Mumbai port has its origin or destination in Pune. A large portion of this cargo trundles along the crowded Mumbai-Pune Expressway which carries 110,000 vehicles daily. A mixed-use Virgin Hyperloop One system in the region could reduce a two-to-three hour journey between the two cities by truck to just 25-minutes and combine the State’s two largest economic centers into a thriving, competitive megaregion.

DP World Cargospeed, powered by the Virgin Hyperloop One system, could enable the rapid movement of palletized freight and light cargo between the two cities, enabling on-demand supply chains and next-generation logistics. The network would help support the development of Pune’s growing manufacturing and IT sectors. The system could also integrate seamlessly into the region’s transport ecosystem and connect with the Navi Mumbai International Airport (NMIA) enabling the transport of goods in addition to passengers.


Also published on Medium.

ADVERTISEMENT

ADVERTISEMENT
Just in:
Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // In Lok Sabha Polls In Punjab, AAP Is Advantageously Placed As Against Its Three Rivals // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Near Miss at Kolkata Airport: IndiGo Plane Makes Contact with Stationary Air India Express // Emirates Post Speeds Up Deliveries for GCC with Special Day // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Experts come together to support updating the city’s nature conservation masterplan // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Hong Kong Seen Granting Mainland Investors Access to Crypto via ETFs // Floki & TokenFi eyes MENA // Arvind Kejriwal Gets International Heft Against The Deshi Vishwaguru // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Study: Stainless steel circular economy significantly reduces the risk of climate change in Thailand // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Andertoons by Mark Anderson for Wed, 27 Mar 2024 // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // The World’s First & Wettest Party: “S2O Hong Kong Songkran Music Festival” proudly returns Get an immersive water and music experience on 8-9 June during Dragon Boat Festival long weekend at Central Harbourfront Event Space! // 2024 Lok Sabha Election Is A Historic Battle Against The Advent Of Fascism In India //