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Hyperloop Transportation Technologies and HHLA form new joint venture POST Online Media

Hyperloop Transportation Technologies and HHLA form new joint venture

Staff Writer | Thursday December 6, 2018 7:32AM ET
Port of Hamburg
America   Port of Hamburg

Hyperloop Transportation Technologies (HyperloopTT/HTT) announced today the creation of a joint venture company with Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), a container terminal operator in the Port of Hamburg.


The company will focus on integrating the latest container movement innovations with hyperloop technology into the largest rail port in Europe. Additionally, the new company will bring this new technology to ports, shipping, and logistics companies around the world.

The joint venture will develop and bring to market a Hyperloop transport system for seaport and inland shipping container operations.

The project will begin with an initial study on connecting a cargo-based Hyperloop system from an HHLA container terminal to container yards located further inland, thereby expanding the port's capacity, while reducing congestion within the port and city area, and lowering the carbon footprint of the port.

Initially, the construction of a transfer station for testing purposes at a HHLA terminal in Hamburg is planned, including an initial 100 meter cargo route along with a special freight capsule and loading dock.

 

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