EXHIBIT 10.47

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (the "Agreement"), dated as of September 25,
2006 by and between Power2Ship, Inc., a Nevada Corporation, its affiliates and
assigns (the "Company"), and John M. Urbanowicz (the "Employee").


                              W I T N E S S E T H:

         WHEREAS, the Company, through its wholly owned subsidiary Freight Rate,
Inc., entered into an Employment Agreement with Employee dated January 1, 2003;
and

         WHEREAS, the Company and Employee mutually desire to terminate without
cause the aforementioned Employment Agreement; and

         WHEREAS, the Company desires to continue employing the Employee as its
Executive Vice President of Information Technology and the Employee desires to
continue to be so employed; and

         WHEREAS, Employee and the Company desire to set forth in writing all of
their respective duties, rights and obligations with respect to the Employee's
employment by the Company

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and obligations hereinafter set forth, the parties hereto, intending
to be legally bound, hereby agree as follows:

1.       Employment and Term. The Company hereby agrees to employ the Employee,
         and the Employee hereby accepts such continued employment by the
         Company, in the capacity and upon the terms and conditions hereinafter
         set forth. The term of employment under this Agreement shall be for the
         period commencing as of September 25, 2006 (the "Commencement Date")
         and ending on the second anniversary of the Commencement Date or
         September 25, 2008) unless earlier terminated as herein provided (the
         "Term of Employment"). Thereafter, this Agreement shall be renewed for
         successive one (1) year terms unless previously terminated pursuant to
         Section 5 herein or if either party elects to terminate his Agreement
         by written notice to the other party at least ninety (90) days prior to
         the expiration of the then-current Term of Employment. The last day of
         the Employee's Term of Employment shall be referred to in this
         Agreement as the "Date of Termination."

2.       Duties. During the Term of Employment, the Employee shall serve as the
         Company's Executive Vice President of Information Technology and shall
         assume those responsibilities customarily associated with and incident
         to the position of Executive Vice President of Information Technology.
         The Employee shall serve the Company faithfully, conscientiously and to
         the best of the Employee's ability and shall promote the interests and
         reputation of the Company. Unless prevented by sickness or disability,
         the Employee shall devote all of his time, attention, knowledge, energy
         and skills, during normal working hours, and at such other times as the
         Employee's duties may reasonably require, to the duties of the
         Employee's employment. The principal place of employment of the
         Employee shall be the Company's principal executive offices or at such
         other place(s) to be determined by the Company and Employee. The
         Employee acknowledges that in the course of his employment, Employee
         may be required, from time to time, to travel on behalf of the Company

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         at the Company's expense. The Employee's principal work place shall be
         in the suburbs of Chicago, Illinois. The Company shall not prohibit
         Employee from additional opportunities in his free time as long as
         there is not a conflict of interest now or in the future with
         Power2Ship and its affiliates. Employee must receive prior permission
         in writing from the Company's Chief Executive Officer to execute
         additional opportunities.

3.       Compensation and Benefits. As full and complete compensation for the
         Employee's execution and delivery of this Agreement and performance of
         any services hereunder, the Company shall pay, grant or provide the
         Employee with the following beginning upon the Commencement Date:

         (a)      Base Salary. The Company shall pay the Employee a base salary
                  (the "Base Salary") at an annual rate of no less than
                  $150,000. Base salary shall be payable at such times and in
                  accordance with the standard payroll practices of the Company,
                  but in no event less than twice per month.

         (b)      Options. Effective on the Commencement Date, the Employee
                  foregoes all unexpired common stock options that he, his
                  affiliates or assigns may have been granted by the Company and
                  he will be granted fully vested options to purchase 5,000,000
                  shares of common stock at a strike price of $0.025. These
                  options will expire five years after their grant date.

         (c)      Employee Benefits. The Company shall afford the Employee the
                  opportunity to participate during the Term of Employment in
                  any medical, dental, disability and life insurance,
                  retirement, savings and any other employee benefits plans or
                  programs (including perquisites) which the Company maintains
                  for its senior executives.

         (d)      Expenses. The Employee shall be entitled to reimbursement of
                  all reasonable business expenses (in accordance with the
                  Company's policies for its senior executives, as the same may
                  be amended from time to time in the Company's sole
                  discretion), within one week following the Employee's
                  submission of an appropriate expense report and related
                  receipts and/or vouchers to the Company.

         (e)      Vacations, Holidays or Temporary Leave. The Employee shall be
                  entitled to take vacations in accordance with the Company's
                  vacation policy for other senior executives. Such vacation(s)
                  shall be taken at such time or times, and as a whole or in
                  increments, as the Employee shall elect, consistent with the
                  reasonable needs of the Company's business. The Employee shall
                  further be entitled to the number of paid holidays and leaves
                  for illness or temporary disability in accordance with the
                  policies of the Company for its senior executives (as such
                  policies may be amended from time to time or terminated in the
                  Company's sole discretion).

4.       Restrictive Covenant; Protection of Confidential Information.

         (a)      The Employee recognizes and acknowledges that certain
                  confidential business and technical information used by the
                  Employee in connection with his duties hereunder including,
                  without limitation, certain confidential and proprietary
                  information relating to the design, development, construction

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                  and marketing of Internet services, is a valuable, special and
                  unique asset of the Company, such information, subject to
                  Section 4(c) below, collectively being referred to as the
                  "Confidential Information". During and subsequent to the Term
                  of Employment, the Employee shall not (a) use Confidential
                  Information or any part thereof other than in connection with
                  his duties hereunder, (b) disclose such information to any
                  person, firm, corporation, association or other entity for any
                  purpose or reason unless directed to do so by the Board of
                  Directors. Notwithstanding the foregoing, the Employee is
                  being hired as an expert in the field of logistics and,
                  therefore, logistic practices are excluded from this
                  provision.

         (b)      During the Term of Employment and for all time thereafter, the
                  Employee shall not, directly or indirectly, furnish or make
                  accessible to any person, firm, corporation or other business
                  entity, whether or not he competes with the business of the
                  Company, any trade secret obtained by the Employee during his
                  employment by the Company which relates to the business
                  practices, methods, processes or other confidential or secret
                  aspects of the business of the Company without the prior
                  written consent from the Company (such information being
                  referred to as the "Company Confidential Information").

         (c)      Confidential Information and Company Confidential Information
                  shall not include any information or documents that (a) are,
                  or become, publicly available without breach by the Employee
                  of this Section 4, (b) the Employee receives from any third
                  party who, to the best of the Employee's knowledge upon
                  reasonable inquiry, is not in breach of an obligation of
                  confidence with the Company, or (c) is required to be
                  disclosed by law, statute, governmental or judicial
                  proceeding; provided, however, that in the event that the
                  Employee is requested by any governmental or judicial
                  authority to disclose any Confidential Information, the
                  Employee shall give the Company prompt notice of such request,
                  such that the Company may seek a protective order or other
                  appropriate relief, and in any such proceeding the Employee
                  shall disclose only so much of the Confidential Information as
                  is required to be disclosed.

         (d)      The Employee acknowledges that his services are of a special,
                  unique and extraordinary character and, his position with the
                  Company places him in a position of confidence and trust with
                  the clients and employees of the Company, and in connection
                  with his services to the Company, the Employee will have
                  access to Confidential Information vital to the Company's
                  business. The Employee further acknowledges that in view of
                  the nature of the business, in which the Company is engaged,
                  the foregoing confidentiality provision is reasonable and
                  necessary in order to protect the legitimate interests of the
                  Company and that violation thereof would result in irreparable
                  injury to the Company. Accordingly, the Employee consents and
                  agrees that if the Employee violates or threatens to violate
                  any of the provisions of Section 4 hereof, the Company would
                  sustain irreparable harm and, therefore, the Company will be
                  entitled to obtain from any court of competent jurisdiction,
                  without posting any bond or other security, preliminary and

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                  permanent injunctive relief as well as damages and an
                  equitable accounting of all earnings, profits and other
                  benefits arising from such violation, which rights shall be
                  cumulative and in addition to any other rights or remedies in
                  law or equity to which the Company may be entitled.

5.       Termination of Employment:

         (a)      The Employee's employment with the Company shall terminate
                  upon the occurrence of any of the following events:

                  (i)   The Scheduled Date of Termination;

                  (ii)  The death of the Employee during the Term of Employment;

                  (iii) The Disability (as defined below) of Employee during the
                        Term of Employment; or

                  (iv)  Upon written notice to the Employee by the Company of
                        termination of his employment for Cause (as defined in
                        Section 5(c)).

                  (v)   Resignation without good reason

                  (vi)  Termination without cause (as defined below)

         (b)      For purposes of this Agreement, the "Disability" of the
                  Employee shall mean his inability, because of mental or
                  physical illness or incapacity, whether total or partial, to
                  perform his full time duties under this Agreement with
                  reasonable accommodation for a period aggregating 90 days out
                  of any 12-month period under circumstances where, in the
                  opinion of a qualified physician reasonably acceptable to the
                  Company, it is reasonably certain that the Employee will not
                  be able to resume his duties on a regular full time basis
                  within 30 days of the date the Employee receives notice of
                  termination for Disability.

         (c)      For purposes of this Agreement, the term "Cause" shall mean
                  the Employee's i) conviction or entry of a plea of guilty or
                  nolo contendere, with respect to any felony; (ii) commission
                  of any act of willful misconduct, gross negligence, fraud or
                  dishonesty that materially affects the Company as stated in
                  the Power2Ship Employee Handbook Code of Conduct; or (iii)
                  violation of any material term of this Agreement or any
                  material written policy of the Company, provided that the
                  Company first deliver written notice thereof to the Employee
                  and the Employee shall not have cured such violation within
                  thirty (30) days after receipt of such written notice.

6.       Payments upon Termination of Employment:

         (a)      Death or Disability: If the Employee's employment hereunder is
                  terminated due to the Employee's death or disability pursuant
                  to Sections 5(a)(ii)(iii), the Company shall pay or provide to
                  the Employee, his designated beneficiary or his estate (i) all
                  Base Salary pursuant to Section 3(a) hereof, any expenses
                  pursuant to 3(c), any accrued vacation pursuant to Section
                  3(e) and any bonus pursuant to Section 3(f) hereof, in each
                  case which has been earned but unpaid, or incurred but not

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                  reimbursed, as of the Date of Termination; and (ii) any
                  benefits to which the Employee may be entitled under any
                  employee benefits plan or program pursuant to Section 3(b)
                  hereof in which he is a participant in accordance with the
                  terms of such plan or program up to and including the Date of
                  Termination. Should the Company wish to purchase insurance to
                  cover the costs associated with the Employee's termination of
                  employment pursuant to Sections 5(a) (i), (ii), (iii), the
                  Employee agrees to execute any and all necessary documents
                  necessary to effectuate said insurance.

         (b)      Termination for Cause, Resignation Without Good Reason, or
                  Expiration of Term of Employment: If the Employee's employment
                  hereunder is terminated due to the termination of the
                  Employee's employment by the Company for "Cause" pursuant to
                  Section 5(a)(iv) or due to the Employee's resignation Without
                  Good Reason pursuant, the Company shall pay or provide to the
                  Employee (i) all base salary pursuant to Section 3(a) hereof
                  and any vacation pay pursuant to Section 3(e) hereof, in each
                  case which has been earned but unpaid as of the Date of
                  Termination and (ii) any benefits to which the Employee may be
                  entitled under any employee benefits plan or program pursuant
                  to Section 3(b) hereof in which he is a participant in
                  accordance with the terms of such plan or program up to and
                  including the Date of Termination.

         (c)      Termination Without Cause: If the Employee's employment
                  hereunder is terminated due to the termination of the
                  Employee's employment by the Company Without Cause the
                  Employee shall be entitled to all compensation for the term of
                  the Contract to be paid in a lump sum payment within ten (10)
                  days of termination.

         (d)      No Other Payments. Employee shall not be entitled to receive
                  any other payments or benefits from the Company due to the
                  termination of his employment, including but not limited to,
                  any employee benefits under any of the Company's employee
                  benefits plans or programs (other than at the Employee's
                  expense under the Consolidated Omnibus Budget Reconciliation
                  Act of 1985 or pursuant to the terms of any pension plan which
                  the Company may have in effect from time to time). Upon
                  termination, all unvested options provided to Employee shall
                  be deemed null and void unless under the circumstances defined
                  in Section 5(a) (vi) or 5(d) (iii). Unvested options shall not
                  vest after Employee's receipt of a notice of termination
                  pursuant to Section 5(a)(iv) hereof provided, however, if such
                  notice was provided pursuant to Section 5(c)(iii) hereof and
                  Employee cures such breach within the applicable time period,
                  Employee's options may vest subsequent thereto.

7.       No Conflicting Agreements; Indemnification:

         (a)      The Employee hereby represents and warrants that he is not a
                  party to any agreement, or non-competition or other covenant
                  or restriction contained in any agreement, commitment,
                  arrangement or understanding (whether oral or written), which
                  would in any way conflict with or limit his ability to
                  commence work on the first day of the Term of Employment or
                  would otherwise limit his ability to perform all
                  responsibilities in accordance with the terms and subject to
                  the conditions of this Agreement.
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         (b)      The Employee agrees that the compensation provided for in
                  Section 3 represents the minimum compensation to be paid to
                  Employee in respect of the services performed or to be
                  performed for the Company by Employee.

8.       Deductions and Withholding. The Employee agrees that the Company shall
         withhold from any and all compensation required to be paid to the
         Employee pursuant to this Agreement all federal, state, local and/or
         other taxes which the Company determines are required to be withheld in
         accordance with applicable statutes and/or regulations from time to
         time in effect and all amounts required to be deducted in respect of
         the Employee's coverage under applicable employee benefit plans.

9.       Entire Agreement. This Agreement embodies the entire agreement of the
         parties with respect to the Employee's employment and supersedes any
         other prior oral or written agreements between the Employee and the
         Company, including but not limited to, the Original Employment
         Agreement. This Agreement may not be changed or terminated orally but
         only by an agreement in writing signed by the parties hereto.

10.      Waiver. The waiver by the Company or a breach of any provision of this
         Agreement by the Employee shall not operate or be construed as a waiver
         of any subsequent breach by the Employee. The waiver by the Employee of
         a breach of any provision of this Agreement by the Company shall not
         operate or be construed as a waiver of any subsequent breach by the
         Company.

11.      Governing Law. This Agreement shall be subject to, and governed by, the
         laws of the State of Florida applicable to contracts made and to be
         performed in the State of Florida, regardless of where the Employee is
         in fact required to work. Arbitration clause would be appropriate

12.      Jurisdiction. Any legal suit, action or proceeding against any party
         hereto arising out of or relating to this Agreement shall be instituted
         in a federal or state court in the State of Florida, and each party
         hereto waives any objection which it may now or hereafter have to the
         laying of venue of any such suit, action or proceeding and each party
         hereto irrevocably submits to the jurisdiction of any such court in any
         suit, action or proceeding.

13.      Assignability. The obligations of the Employee may not be delegated
         and, except as expressly provided in Section 5 relating to the
         designation of beneficiaries, the Employee may not, without the
         Company's written consent thereto, assign, transfer, convey, pledge,
         encumber, hypothecate or otherwise dispose of this Agreement or any
         interest therein. Any such attempted delegation or disposition shall be
         null and void and without effect. The Company and the Employee agree
         that this Agreement and all of the Company's rights and obligations
         hereunder may be assigned or transferred by the Company to, and may be
         assumed by, may become binding upon, and may inure to the benefit of,
         any successor to the Company. The term "successor" shall mean, with
         respect to the Company, any other corporation or other entity that by
         merger, consolidation or purchase, acquires all or a material part of
         the assets of the Company. Any assignment by the Company of its rights
         and obligations hereunder to any successor shall not be considered a
         termination of employment for purposes of this Agreement.

14.      Severability. If any provision of this Agreement as applied to either
         party or to any circumstances shall be adjudged by a court of competent
         jurisdiction to be void or unenforceable, the same shall in no way

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         affect any other provision of this Agreement or the validity or
         enforceability of this Agreement.

15.      Notices. All notices to the Employee hereunder shall be in writing and
         shall be delivered personally or sent by registered or certified mail,
         return receipt

                                   John M. Urbanowicz
                                   {Employee has requested
                                   that his personal address
                                   remain confidential}

16.      All notices to the Company hereunder shall be in writing and shall
         be delivered personally or sent by registered or certified mail, return
         receipt requested, to:


                                   Power2Ship, Inc.
                                   903 Clint Moore Rd.
                                   Boca Raton, FL 33487

         Either party may change the address to which notices shall be sent by
         sending written notice of such change of address to the other party.

17.      Section Headings. The section headings contained in this Agreement are
         for reference purposes only and shall not affect in any way the meaning
         or interpretation of this Agreement.

18.      Counterparts. This Agreement may be executed in one or more
         counterparts, each of which shall be deemed to be an original, but all
         of which taken together shall constitute one and the same instrument.

19.      Attorneys' Fees. In the event that either party hereto commences
         litigation against the other to enforce such party's rights hereunder,
         the prevailing party shall be entitled to recover all costs, expenses
         and fees, including reasonable attorneys' fees.

20.      Neutral Construction. Each party to this Agreement was represented by
         counsel, or had the opportunity to consult with counsel. No party may
         rely on any drafts of this Agreement in any interpretation of the
         Agreement. Each party to this Agreement has reviewed this Agreement and
         has participated in its drafting and, accordingly, no party shall
         attempt to invoke the normal rule of construction to the effect that
         ambiguities are to be resolved against the drafting party in any
         interpretation of this Agreement.

         IN WITNESS WHEREOF, the parties hereto have duly executed this
         Agreement as of the date first above written.

                                  POWER2SHIP, INC.,
                                  a Nevada Corporation

                                  By: /s/ David S. Brooks
                                      -------------------
                                       David Brooks, Chief Executive Officer

                                  EMPLOYEE

                                  By: /s/ John M. Urbanowicz
                                      ----------------------
                                      John M. Urbanowicz
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