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NEW YORK ( TheStreet) -- Old Dominion Freight Lines (Nasdaq: ODFL) hit a new 52-week high Friday as it is currently trading at $47.34, above its previous 52-week high of $46.30 with 343,446 shares traded as of 2:05 p.m. ET. Average volume has been 347,800 shares over the past 30 days. Old Dominion Freight Lines has a market cap of $2.36 billion and is part of the services sector and transportation industry. Shares are up 13.8% year to date as of the close of trading on Thursday. Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States. The company provides regional, inter-regional, and national LTL services. The company has a P/E ratio of 18.4, below the average transportation industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.