Amazon.Com Inc of the United States has moved from e-commerce to an all-inclusive field and has become a comprehensive Internet giant. Amazon.Com Inc has quietly developed its own logistics express delivery business. According to the latest news from foreign media, analysts at Morgan Stanley said a few days ago that Amazon.Com Inc has been able to deliver half of all online shopping parcels in the United States, and the future parcel delivery volume will exceed that of FedEx Corp and United Parcel Service Inc (UPS), two major express delivery giants.

According to foreign media reports, in recent years, Amazon.Com Inc's diversified areas include cloud computing, online video, online music services, original film and television, consumer electronics hardware and logistics express delivery.

According to Morgan Stanley's latest research report, Amazon.Com Inc has delivered about half of the parcels in the United States. Morgan Stanley said: "our alpha intelligence analysis shows that Amazon.Com Inc's logistics department has delivered about 50 per cent of Amazon.Com Inc's packages in the US, mainly in urban areas. "

Amazon.Com Inc Logistics is the internal logistics business of e-commerce giants. Morgan Stanley said Amazon.Com Inc's share of the company's package volume in the US has more than doubled from about 20 per cent a year ago to a rate of 2.5 billion a year.

By contrast, Morgan Stanley estimates that United Parcel Service Inc and FedEx Corp deliver 4.7 billion and 3 billion parcels in the United States each year, respectively.

Morgan Stanley said that from 2018 to 2022, the number of parcels delivered by Amazon.Com Inc's logistics department in the US will grow at a compound annual growth rate of 68 per cent. In this way, by 2022, Amazon.Com Inc Logistics will deliver 6.5 billion parcels per year, far exceeding United Parcel Service Inc's forecast of 5 billion parcels per year and FedEx Corp's annual forecast of 3.4 billion parcels.

Morgan Stanley said: "for us, the logistics scale of Amazon.Com Inc is already very large, and the scale of its means of transportation is only about that of its competitors, which shows that it has the ability to use density and technology to improve transport efficiency. "

The company says Amazon.Com Inc Logistics pays more attention to densely populated areas than its competitors. According to Morgan Stanley's estimates, about 61 per cent of Amazon.Com Inc's packages come from urban suburbs, 28 per cent from cities and only 11 per cent from rural areas.

Morgan Stanley said that as a result, Amazon.Com Inc's rural business is only about half that of its competitors. In the entire express delivery industry, 20% of parcels usually come from rural areas.

Morgan Stanley has a buy rating on Amazon.Com Inc's shares, with a target price of $2100, nearly 20 per cent higher than the current level.

The company also lowered its share price target for United Parcel Service Inc and FedEx Corp, from $85 to $78 and FedEx Corp from $120 to $1110.The company also lowered its share price target for both the former from $85 to $78 and that of FedEx Corp from $120 to $1111. The reduction of the two companies is about 1/3.

In terms of stock rating, Morgan Stanley's rating for United Parcel Service Inc is sold, while FedEx Corp's rating is neutral.

In the past few years, Amazon.Com Inc has gradually expanded his logistics and express delivery business. The company has bought or leased a large number of trucks and airplanes, and even has an ocean fleet that can transport containers from China's "world factory" to US ports.

In the field of express delivery, the delivery of the last kilometer is the biggest challenge. Amazon.Com Inc has adopted a gig economic model similar to Uber, where ordinary people who own private cars can register as Amazon.Com Inc's free couriers and use their spare time to earn extra money. In addition, Amazon.Com Inc also encourages the establishment of a third-party small independent express company to use external truck resources to complete the final package delivery task.

According to foreign media reports, Amazon.Com Inc is also developing new technologies for express delivery, such as drones to deliver parcels and unmanned cars. But none of these technologies have been used on a large scale.

In the past, Amazon.Com Inc used a lot of external express companies to deliver parcels, but now he is reducing the proportion of outsourcing. In addition, Amazon.Com Inc was also mired in controversy before, alleging that the parcel delivery fee provided to the US Postal Service was too low, which was an exploitation of this national organization.