Deutsche Post AG reported record earnings as its DHL express-delivery arm benefited from a surge in home shopping spurred by the coronavirus crisis.

Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.

The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.

Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000.

Deutsche Post AG’s third-quarter profit jumped more than threefold to a record as the mail operator shifts to tap booming shipments from Internet shopping and recovered from costs for a failed software project.

Deutsche Post AG’s quarterly profit jumped at the fastest pace in 4 1/2 years after prices increased and deliveries on behalf of internet-based retailers rose. The stock gained to an eight-month high.

Deutsche Post AG stood by profit targets through the end of the decade, dismissing the threat posed by customer Amazon.com's expansion into parcel deliveries.

Deutsche Post AG’s third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.

While Google Inc. plans to someday unleash driverless cars on public streets, the logistics industry will probably be one of the first training grounds for such automated vehicles.