The New Year opened with a welcome return to normalized ocean freight prices, which are now just $2,132 for a 40-foot container on average, according to the Drewry World Container Index’s Jan. 12 update.

The Rebel Sport and Macpac parent faces legal action from Australia’s Fair Work Ombudsman for a previously disclosed issue where it had failed to pay overtime to employees on its store set up and renovation teams.

The early-stage VC firm has launched Fund III with $100 million in investments from Dick’s SG, Wellness Holding, Gametime Capital and dozens of other companies, sports team owners and professional athletes.

Peloton and iFit Health & Fitness have each settled separate proposed class action suits filed against them.

Sakar International is recalling about 33,100 multi-sport helmets sold under the Tony Hawk, Credhedz, and Crayola brands because they do not comply with CPSC positional stability and retention system requirements.