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Nearly $450 million in losses from cargo thefts: Study

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A study by Brazil's National Association of Freight Transport and Logistics found that cargo thefts caused nearly 1.6 billion Brazilian real ($439 million) in losses in 2017, Segs.com reported. There were more than 25,700 cargo theft incidents last year. Rio de Janeiro and Sao Paulo, together, accounted for more than 80% of the thefts.

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