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NEW YORK (TheStreet) -- (AMZN) - Get, Inc. Report stock is advancing by 0.67% to $564 in pre-market trading on Wednesday, after the company reached an agreement with Air Transport Services Group (ATSG) to operate an air cargo network serving's customers in the U.S.

The deal includes the leasing of 20 Boeing (BA) 767 freighter aircraft to Amazon Fulfillment Services, as well as the operation of the aircraft and gateway and logistics services. 

"Since last summer, we have been working closely with Amazon to demonstrate that a dedicated, fully customized air cargo network can be a strong supplement to existing transportation and distribution resources," Air Transport Services CEO Joe Hete said in a statement. 

Under the terms of the agreement, Air Transport Services will grant warrants to purchase as much as 19.9% of its stock at $9.73 per share throughout the next five years. 

( is held in the Growth Seeker portfolio. See all of its holdings here.)

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

TheStreet Recommends's strengths such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth are countered by the fact that the company has favored debt over equity in the management of its balance sheet.

You can view the full analysis from the report here: AMZN

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. 

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