Bicycling

3/19/2026 |  Shimano to Pay $11.5 Million Penalty for Failing to Report Crankset Hazard (SGB UPDATE) Shimano has agreed to pay an $11.5 million civil penalty in the U.S. for failing to immediately report that the cranksets it recalled in 2023 posed a hazard to users.
In a statement, the CPSC said the settlement resolves CPSC’s charges that Shimano knowingly failed to immediately report to CPSC, as required by law, that its 11-Speed Bonded Hollowtech II Bicycle Cranksets, Models Ultegra FC-6800 and FC-R8000 and Dura-Ace FC-9000, FC-R9100, and FC-R9100P, contained a defect which could create a substantial product hazard or created an unreasonable risk of serious injury or death to consumers.

3/13/2026 |  EXEC: Giant Group Revenues Fall 15.5 Percent in 2025 as WRO Impacts Owned Brand Sales (SGB UPDATE) The Giant Manufacturing Co., Ltd. (Giant Group) Board of Directors has approved the beleaguered bicycle manufacturer’s 2025 financial results, indicating consolidated revenue for 2025 reached NT$60.3 billion ($1.93 billion), a year-over-year decline of 15.5 percent. The Group reported a gross margin of 19.8 percent of net revenue for 2025, slightly higher than the 19.0 percent recorded in 2024.

3/11/2026 |  EXEC: Giant Bicycle Monthly Shipment Deterioration Accelerates Into February (SGB UPDATE) After opening the year on a down note with bicycle shipment revenue for January 2025 declining in double-digits, Giant Manufacturing Co., Ltd. (Giant Group) reported that the downward trend accelerated sharply in February when posting a 40.0 percent year-over-year (y/y) decline to NT$3.25 billion for the month.

2/24/2026 |  EXEC: Outdoor Gear Canada to Distribute OnGuard and Black X Bike Locks (SGB UPDATE) Magnum Industries, the designer and manufacturer of Black X and OnGuard bike locks, reported signing an exclusive, multi-year distribution agreement with Outdoor Gear Canada (OGC) for the Canadian market.

2/10/2026 |  EXEC: Traffic Distribution Partners with Cycle Source Logistic to Serve U.S. Bike Market (SGB UPDATE) Traffic Distribution GmbH (Traffic), based in Cologne, Germany, is expanding its global network with the launch of Traffic Distribution USA, Inc. (Traffic USA).
The company said the launch coincides with the 30-year anniversary of WeThePeople BMX, the flagship brand of We Make Things GmbH, marking its 30th anniversary in 2026, and is intended to underscore the long-standing heritage of the brand that Traffic brings to the U.S. market.