Shared Value Potential of Transporting Cargo via Hyperloop
Max Werner (),
Klaus Eißing () and
Sebastian Langton ()
Additional contact information
Max Werner: Helmut Schmidt University, Hamburg
Klaus Eißing: Olympus AG
Sebastian Langton: GUS Group
No 166/2016, Working Paper from Helmut Schmidt University, Hamburg
This research estimates the shared value created by constructing a hypothetical Hyperloop to transport cargo along 300 km in Northern Germany. Following Porter-Kramer (2011), we identified and evaluated eight factors that create shared value: travel speed, operating costs, safety, noise pollution, air pollution, climate effect/carbon footprint, separation effect/ property efficiency, and maintenance. Using official data compiled by several German institutes and organizations, we conducted comparative analysis to quantify and compare the abovementioned factors for Hyperloop and over-the-road cargo transport in Germany. Then, we monetized the individual and collective benefits of the shared value created by Hyperloop replacing a significant share of cargo transported by truck. Our findings indicate that the hypothetical Hyperloop project in Northern Germany would create €660 to €900 million of shared value annually. Our research method establishes a framework for assessing future transportation projects like Hyperloop, and our findings can be generalized to industrialized nations beyond Germany.
Keywords: Transportation; Technology; Innovation; Logistic; Shared Value; Cargo transportation (search for similar items in EconPapers)
JEL-codes: L99 Q55 R49 (search for similar items in EconPapers)
Pages: 28 pages
New Economics Papers: this item is included in nep-ene, nep-eur, nep-ppm and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2016_166
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