Document:

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                                                                   EXHIBIT 10.10

[ACBL LOGO]                                American Commercial Barge Line LLC

                                 August 18, 2004

Mr. Michael J. Monahan
768 Arbor Run Drive
Cincinnati, OH 45233

Dear Mike:

      This will confirm the various discussions we have had regarding American
Commercial Barge Line LLC's interest in offering you employment for the position
of Sr. Vice President Operations with the company and its inland waterway
transportation subsidiaries. Below is an outline of the compensation and
benefits package that the company is offering for your consideration.

      ACBL'S OFFER IS AS FOLLOWS:

      Title: Sr. Vice President Transportation Services (Band 5 Position) in
      Jeffersonville, Indiana HQ Offices.

      Departmental Responsibilities: Direct report to the President and Chief
      Operating Officer; serves as an officer of relevant subsidiaries and on
      various subsidiary Boards of Managers. Executive Management of Logistics
      Services (BoatCom, Fleet Planning/Customer Service, Fleets, Logistics
      Analysis, Marine Service Supplies), Operations, Vessel Safety & Training,
      Terminals, and Public/Regulatory Affairs.

      Base Annual Salary: $197,000

      Bonus: Fixed Bonus earned on December 31, 2004 and payable in January 2005
      of $65,000. The current design of ACBL's Incentive Award Program would
      place this position in the following program for 2005 and forward: Bonus
      Opportunity of up to 65% of base salary measured by achievement of company
      financial performance targets, and agreed departmental and personal goals
      and objectives.

      Vacation: Four (4) weeks.

      Relocation: Employment Relocation Expense Policy attached.

      Pension & Welfare Benefits: Employee benefits summary attached

      Severance Policy: Immediate vesting at the maximum severance benefit
      available (26 weeks of base pay) under the company's Termination of
      Employment Policy.

      Director & Officer Liability Insurance Coverage: A summary of the policy
      coverage terms and conditions attached.

   1701 East Market Street Jeffersonville, IN 47130-4717 Phone (812)288-0100
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M. J. Monahan
Page 2 of 2

      Mike, ACBL is very interested in having you join our team. We believe you
would make significant contributions toward our future success. Accordingly, we
would like to move this process along to a mutually beneficial conclusion in the
very near term. We would appreciate your review and consideration of this offer
such that you can advise us no later than August 20, 2004 of your acceptance.
Subject to appropriate transition issues that you may need to manage with your
current employer, we would prefer for your employment to begin on or before
September 7, 2004. Please indicate your acceptance by signing in the space
provided below and returning directly to me.

      Employment with the Company is "at will" which means that you may
terminate your employment for good cause, any cause or no cause at all.
Similarly the Company may terminate your employment on the same basis.

      We are very pleased that you have agreed to consider this offer and hope
that you will join our ACBL team.

                                    Very truly yours,

                                    /s/ Lisa L. Fleming

                                    Lisa L. Fleming
                                    Senior Vice President Law & Administration

Cc:      R. L. Huber
         W. N. Whitlock

I accept the above offer of employment. I am not subject to any confidentiality
or non-compete agreement which would be violated by my employment with American
Commercial Barge Line or that would restrict my ability to fully perform my job.

/s/ Michael J. Monahan                               August 23, 2004
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Signature                                            Date<PAGE>

                                                                   EXHIBIT 10.11
                              MANAGEMENT AGREEMENT

      This MANAGEMENT AGREEMENT (the "Agreement") dated as of July 21, 2003 is
made by and between American Commercial Lines LLC, its subsidiaries and
affiliates that are currently debtors in chapter 11 cases (collectively the
"Debtors") pending in the United States Bankruptcy Court for the Southern
District of Indiana (the "Bankruptcy Court") and Marotta Gund Budd & Dzera, LLC
(the "Manager"), a New Jersey limited liability corporation.

                                    RECITALS;
      WHEREAS, the parties hereto desire to enter into this Agreement to set
forth the basis on which the Manager will perform management services for the
Debtors, all as set forth more fully in this Agreement.

      NOW, THEREFORE, in consideration of the promises and covenants set forth
herein, and intending to be legally bound hereby, the parties to this Agreement
hereby agree as follows:

      1.    ENGAGEMENT. The Debtors hereby engage the Manager as an independent
contractor to the Debtors, and the Manager hereby accepts such engagement, on
the terms and conditions set forth in this Agreement subject only to Bankruptcy
Court approval. The Debtors are hereby acquiring from the Manager the services
of Philip J. Gund ("Gund"), as well as such additional personnel that may be
necessary. All compensation for the services and actions of Gund and the
Manager's other personnel that may perform services on the Debtors' behalf under
this Agreement will be paid by the Debtors directly to the Manager.

      2.    DUTIES.

            (a) The Debtors represent to the Manager that its Board of Managers
(the "Board") has duly approved the retention of the Manager and approved the
terms of this Agreement, including the appointment of Gund as the Chief
Financial Officer of the Debtors. The Manager will assign Gund to serve as Chief
Financial Officer to act in the managerial capacities to carry out other
services required of the Manager.

            (b) Subject to the Board's assignment of certain of the following
functions to other of the Debtors' officers or reservation of certain functions
by the Board, Gund (in his role as Chief Financial Officer) shall be authorized
to make decisions, in consultation with the Debtors' Chief Executive Officer,
with respect to all aspects of the financial management of the Debtors' business
and oversight of the bankruptcy process including, but not limited to,
Bankruptcy Court reporting requirements, development of a plan of
reorganization, disclosure statement, claims management, managing outside
professionals (Huron Consulting Group) and such other areas as he may identify,
in such manner as he deems necessary or appropriate in his sole discretion
consistent with the business judgment rule and subject to appropriate governance
by the Board in accordance with the Debtors' operating agreements and the
Bankruptcy Court. As Chief Financial Officer, Gund will be part of Debtors'
senior management team and as such will be involved in key operating decisions.
In the performance of the foregoing functions, Gund shall report to the Board.
In addition to the above, Gund will accept an appointment to the Board

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and serve as a member of the Board if requested by representatives of the
Debtors who are authorized to make such appointment.

            (c) The Manager shall cause Gund to devote substantially all his
business time to the performance of services for the Debtors hereunder on behalf
of the Manager. Additionally, the Manager will have the right to use such
additional personnel that may be necessary to devote sufficient time to carry
out the scope of services outlined herein upon prior approval of the Board.

            (d) In undertaking to provide the services set forth herein, the
Manager does not guarantee or otherwise provide any assurances that it will
succeed in restoring the Debtors' operational and financial health and stability
or that there will be a successful reorganization under the Chapter 11
proceeding. The Debtors' obligation to pay the Manager's compensation and
reimbursement of expenses (as specified below under Section 4(a) and 4(b) and
Section 4(c), respectively) shall not be conditioned upon any particular results
being achieved by the Manager but only final Bankruptcy Court approval at the
conclusion of this engagement.

            (e) In view of the Debtors' present circumstances, the Debtors
acknowledge that Gund and, to the extent necessary the Manager's other
personnel, may be required to make decisions with respect to extraordinary
measures quickly. Consequently, the depth of their analysis of the information
on which their decisions will be based may be limited in some respects due to
the availability of information, time constraints and other factors. Moreover,
each of Gund and the Manager's other personnel shall be entitled, in performing
their duties hereunder on behalf of the Manager, to rely on information
disclosed or supplied to them by the Debtors' officers, employees and
representatives without verification or warranty of accuracy or validity.

            (f) Gund and the Manager's other personnel will work cooperatively
with Debtors' officers and other professionals and will keep the Board fully
apprised of their findings, plans and activities. The Company understands that
Gund and the Manager's other personnel will coordinate with Debtors' other
officers and professionals to cause Debtors to effectively communicate with the
Debtors' creditors and their respective professionals as to the status of
operations and the Debtors' restructuring plans.

      3.    TERM. The term of the Manager's engagement hereunder shall commence
upon the execution of this agreement and the approval of this Agreement by the
Bankruptcy Court and shall continue until the effective date of a confirmed Plan
of Reorganization, unless terminated earlier as set forth below. The Manager
agrees to begin providing services prior to Bankruptcy Court approval and the
Debtors agree to seek retention of the Manager NUNC PRO TUNC to the date of the
execution of the Agreement. This engagement may be terminated at any time by
either the Debtors or the Manager upon providing 30 days written notice thereof
to the other party. However, such termination shall not affect the Debtors'
obligation to pay the Manager for fees and expenses accruing through the
termination date.

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      4.    COMPENSATION. The Manager's compensation hereunder shall consist of
the following:

            (a) Fees for the services of Gund as set forth herein will be a
monthly fee of $80,000.00, payable in advance plus reasonable expenses to be
paid in arrears. The monthly fee for July 2003 will be prorated based upon the
actual start date and the resultant portion of the month for which Gund provide
services. The Manager will review its level of effort with the Board initially
on August 31, 2003 and thereafter on a monthly basis, and if necessary adjust
the monthly fee accordingly.

            (b) To the extent necessary the Manager, with the prior approval of
the Board, shall have the right to assign additional associates on an hourly
rate basis.

            (c) Reimbursement of the Manager's reasonable expenses for personnel
retained on an hourly basis including, but not limited to, costs of travel (not
to include first class airfare), lodging, meals and other expenses directly
relating to this engagement.

The Debtors shall pay to the Manager the compensation set forth in Section 4(a)
at least within three days after Bankruptcy Court approval of the retention of
the Manager and then on each subsequent monthly anniversary of this Agreement
and pay to the Manager the compensation set forth in Section 4(b) and 4(c)
hereof based upon the submission of monthly invoices to be rendered throughout
the course of our engagement. MGBD shall file applications with the Bankruptcy
Court to obtain final approval of the compensation and expense reimbursement
under Section 4(b) and 4(c) in accordance with the applicable orders of the
Bankruptcy Court regarding professional fees and expense reimbursement. All
amounts due are payable upon receipt by the Debtors, via wire transfer directly
to the Manager's bank account as follows:

BANK:                         Chase Manhattan Bank
                              865 Bloomfield Avenue
                              West Caldwell, NJ 07006

ABA No.:                      021000021

Account Name:                 Marotta Gund Budd & Dzera, LLC

Account No.:                  543500239865

      5.    CONFIDENTIALITY. Gund and the Manager's other personnel each agree
to treat any information received from the Debtors or its representatives with
utmost confidentiality, and except as provided in this Agreement, will not
publish, distribute or disclose in any manner any information developed by or
received from the Debtors or its representatives without the Debtors' prior
approval. Such approval shall not be unreasonably withheld. The Debtors'
approval is not needed if either the information sought is required to be
disclosed by an order binding on the Manager, issued by a court having competent
jurisdiction over the Manager (unless such order specifies that the information
to be disclosed is to be placed under seal), or such information is otherwise
publicly available.

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      6.    REPRESENTATIONS AND WARRANTIES. As an inducement to the Manager to
enter into this Agreement, the Debtors represent and warrant to the Manager the
following:

            (a) The Debtors are limited liability companies or corporations duly
organized and validly existing under the laws of the jurisdiction in which they
were organized and have all requisite powers to enter into this Agreement.

            (b) Neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated herein or therein nor compliance
by the Debtors with any of the provisions hereof or thereof will: (i) violate
any order, writ, injunction, decree, law, statute, rule or regulation applicable
to it; or (ii) require the consent, approval, permission or other authorization
of, or qualification or filing with or notice to, any court, arbitrator or other
tribunal or any governmental, administrative, regulatory or self-regulatory
agency or any other third party other than the notification requirements under a
chapter 11 case and Bankruptcy Court approval.

            (c) This Agreement has been duly authorized, executed and delivered
by the Debtors and constitutes a legal, valid and binding agreement of the
Debtors, enforceable in accordance with its terms.

            (d) To the actual knowledge of the Debtors, without inquiry or
investigation, the Debtors are not aware of any document or written statement
regarding the Debtors furnished to the Manager by any member of senior
management of the Debtors which contained, when made, any untrue statement of a
material fact or omitted to state a fact necessary to make the statements made
therein, in light of the circumstance under which they were made, not
misleading, excluding: (i) statements which the Manager believes or has reason
to believe, as of the date hereof, are inaccurate; and (ii) financial
projections. For purposes of this Agreement, the actual knowledge of the Debtors
shall mean the actual knowledge of an officer or Board member of the Debtors.

      7.    INSURANCE. Promptly upon execution of this Agreement, the Debtors
shall cause its insurance broker to add Gund to their existing Officers &
Directors Insurance Policy ("D&O" policy) and to send copies of all
documentation and other communications regarding the Debtors' D&O policy,
including without limitation any renewal or cancellation thereof, to the
attention of Gund. Upon any cancellation or nonrenewal of the D&O policy, the
Debtors shall exercise their rights, if any, to extend the claim period for a
one-year "discovery period" and shall exercise such rights and pay such premiums
required thereunder.

      8.    INDEPENDENT CONTRACTOR. The parties intend that the Manager shall
render services hereunder as an independent contractor, and nothing herein shall
be construed to be inconsistent with this relationship or status. The Manager
shall not be entitled to any benefits paid by the Debtors to their employees.
The Manager shall be solely responsible for any tax consequences applicable to
the Manager by reason of this Agreement and the relationship established
hereunder, and the Debtors shall not be responsible for the payment of any
federal, state or local taxes or contributions imposed under any employment
insurance, social security, income tax or other tax law or regulation with
respect to the Manager's performance of management services hereunder. The
parties agree that, subject to the terms and provisions of

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this Agreement, the Manager may perform any duties hereunder and set the
Manager's own work schedule without day-to-day supervision by the Debtors.

      9.    CONFLICTS. The Manager confirms that none of the principals or
professional staff of the Manager has any financial interest or business
connection with the Company, and the Manager is aware of no conflicts in
connection with this Agreement other than the disclosable relationships listed
on Schedule A of this Agreement.

      10.   AMENDMENTS. Any amendment to this Agreement shall be made in writing
and signed by the parties hereto and subject to Bankruptcy Court approval.

      11.   ENFORCEABILITY. If any provision of this Agreement shall be invalid
or unenforceable, in whole or in part, then such provision shall be deemed to be
modified or restricted to the extent and in the manner necessary to render the
same valid and enforceable, or shall be deemed excised from this Agreement, as
the case may require, and this Agreement shall be construed and enforced to the
maximum extent permitted by law as if such provision had been originally
incorporated herein as so modified or restricted or as if such provision had not
been originally incorporated herein, as the case may be.

      12.   CONSTRUCTION. This Agreement shall be construed and interpreted in
accordance with the internal laws of the State of New Jersey.

      13.   NOTICES. All notices, requests, consents and other communications
hereunder to any party shall be deemed to be sufficient if contained in a
written instrument delivered in person or duly sent by certified mail, postage
prepaid; by an overnight delivery service, charges prepaid; or by confirmed
telecopy; addressed to such party at the address set forth below or such other
address as may hereafter be designated in writing by the addressee to the
addressor:

If to the Debtors:

American Commercial Lines LLC
1701 East Market Street
Jeffersonville, IN 47130
         Attention: Lisa Fleming, General Counsel

and

James M. Carr
Baker & Daniels
300 North Meridian Street, Suite 2700
Indianapolis, IN 46204

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If to the Manager:

Marotta Gund Budd & Dzera, LLC
360 Lexington Avenue
New York, NY 10017
       Attention: Philip J. Gund

Any party may from time to time change its address for the purpose of notices to
that party by a similar notice specifying a new address, but no such change
shall be deemed to have been given until it is actually received by the party
sought to be charged with its contents.

      14.   WAIVERS. No claim or right arising out of a breach or default under
this Agreement shall be discharged in whole or in part by a waiver of that claim
or right unless the waiver is supported by consideration and is in writing and
executed by the aggrieved party hereto or his or its duly authorized agent. A
waiver by any party hereto of a breach or default by the other party hereto of
any provision of this Agreement shall not be deemed a waiver of future
compliance therewith, and such provisions shall remain in full force and effect.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the
date first above written.

                                            American Commercial Lines

                                            By: Michael C. [Illegible]

                                            Title: President and CEO

                                            Marotta Gund Budd & Dzera, LLC

                                            By: [Illegible]

                                            Title: Principal

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