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The agreements will help finance the purchase of containers and ships, and the development of maritime infrastructure between Europe and China.
The port drivers' seventh strike at Los Angeles and Long Beach in recent years is targeting Pac 9 Transportation in protest over alleged independent contractor misclassification.
Ocean carriers Hapag-Lloyd and Maersk announced plans for rate increases on August 1.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
Descartes will link trade compliance data and documentation from its Global Logistics Network to SAP's transportation management application for better shipment visibility for SAP's TM customers.
The U.S. Department of Commerce’s Bureau of Economic Analysis also revised a previous prediction of a 0.2 percent decrease in first quarter gross domestic product to a 0.6 percent increase.