NEW YORK (TheStreet) -- Shares of Amazon.com (AMZN) - Get Report  were up in pre-market trading on Wednesday, as the e-commerce giant indicated in a Bloomberg report that it was expanding its delivery network, but not trying to overtake shipping companies like FedEx (FDX), USPS or UPS (UPS). 

Amazon.com has made major investments in logistics and delivery as consumer demand skyrockets and more buyers sign up for its Prime shipping service. The company is expected to sell approximately 7.2 billion items this year, Bloomberg noted. 

In 2015, the company spent $11.5 billion on shipping, which is nearly twice what it did two years ago. Amazon.com is leasing jets and buying trailers, and also opened at least 28 sorting centers, 59 delivery stations and more than 65 Prime Now hubs.

Amazon.com's focus has turned to being faster, as it launched the Prime Now shipping service in 2014, which offers buyers two-hour delivery. Since its launch, the service is now available in more than 40 cities. 

But while the company largely partners with shipping services like USPS to handle its delivery, Amazon.com is gradually expanding its logistics supply chain and delivery network, Bloomberg added. 

Company CEO Jeff Bezos has denied that the ultimate plan is to "take over" shipping companies. 

"We will take all the capacity that the U.S. Postal Service can give us and that UPS can give us and we still need to supplement it," Bezos said at a recent conference, according to Bloomberg. "We're growing our business with UPS. We're growing our business with the U.S. Postal Service."

Amazon.com recently launched its first Prime Air plane using a Boeing (BA) 767 and has also expanded into drone delivery service. 

(Amazon.com is held in the Growth Seeker portfolio. See all of its holdings with a free trial here.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate AMAZON.COM INC as a Buy with a ratings score of B-. COM INC (AMZN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here:

AMZN

AMZN data by YCharts

Image placeholder title