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NEW YORK ( TheStreet) -- Landstar System (Nasdaq: LSTR) hit a new 52-week high Friday as it is currently trading at $55.91, above its previous 52-week high of $55.69 with 50,456 shares traded as of 10:19 a.m. ET. Average volume has been 263,200 shares over the past 30 days. Landstar System has a market cap of $2.34 billion and is part of the services sector and transportation industry. Shares are up 15.4% year to date as of the close of trading on Thursday. Landstar System, Inc. operates as a non-asset based provider of freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 22.8, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.