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Risk of cargo theft 'severe' in Mexico: FreightWatch

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Mexico, Brazil and South Africa have earned a 'severe' risk rating for cargo theft, a report by FreightWatch International Inc. said.

The report said in Mexico, cargo thefts increased more than 14% year-on-year in the fourth quarter of 2013, Land Line Magazine reported. Warehouse robberies have increased, accounting for 3% of all thefts in 2012 and 6% in 2013. The report said "hijacking is a constant and serious concern in Mexico."

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