The strange tale of the Hovertrain, the British hyperloop of the 1970s. On February 7, 1973, in a damp field in rural Cambridgeshire, a train floated precariously through the sky. ... The hovertrain, it was hoped, would speed passengers from London to Glasgow in little more than two hours at speeds of up to 300mph. It died a death due to high costs, it couldn't compete with the conventional train on costs.
The Chinese however, have proved what can be done with levitation. The Shanghai maglev train or Shanghai Transrapid Chinese: is a magnetic levitation train, maglev line, that operates in Shanghai. It is the oldest commercial maglev still in operation, and the first commercial high-speed maglev with cruising speed of 268 mph.