Amazon (NASDAQ: AMZN) is expanding its Prime Air fleet at such a rate that it will likely surpass the third-largest shipping carrier, DHL, next year, before taking aim at FedEx (NYSE: FDX) and UPS (NYSE: UPS). A study by the DePaul University Chaddick Institute for Metropolitan Development released last week found that from May to July, Amazon grew its fleet of cargo planes at the fastest rate since it began building out the business. Image source: Amazon.com. The study's authors said that Amazon added nine planes to Prime Air during the three-month period, bringing its fleet size to a total of 50, for a 21.4% increase. They also note that since the end of their study, Amazon added four more planes and is expected to add another four, possibly by the end of the year. Air Transport Services Group (NASDAQ: ATSG), a contract cargo carrier operating many of Amazon's planes, announced in May that a dozen more planes would be added in 2021, which would bring the total to over 70, with possibly as many as 80 planes altogether. That would put it ahead of DHL, which currently has 77 planes in its fleet. Amazon still has a way to go to catch up to UPS, which flies 275 planes, or FedEx, which has 463, but its rate of growth could eventually make that attainable. The DePaul study found that despite global air cargo traffic falling 20% in June and July, Amazon's daily flight activity increased more than 27%, and it believes it could have grown as much as 33% since April. Although Amazon has said it is only interested in better serving its own customers, it increasingly appears poised to take on the industry giants in third-party delivery. 10 stocks we like better than AmazonWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and FedEx and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.Source