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NEW YORK ( TheStreet) -- Landstar System (Nasdaq: LSTR) hit a new 52-week high Monday as it is currently trading at $58.73, above its previous 52-week high of $58.61 with 231,552 shares traded as of 2:15 p.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 20.5% year to date as of the close of trading on Friday. Landstar System, Inc., through its subsidiary, Landstar System Holdings, Inc., provides freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 24.4, above the average transportation industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.