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NEW YORK ( TheStreet) -- Canadian Pacific Railway (NYSE: CP) hit a new 52-week high Tuesday as it is currently trading at $77.74, above its previous 52-week high of $77.55 with 633,649 shares traded as of 3:49 p.m. ET. Average volume has been 920,900 shares over the past 30 days. Canadian Pacific Railway has a market cap of $11.84 billion and is part of the services sector and transportation industry. Shares are up 12% year to date as of the close of trading on Monday. Canadian Pacific Railway Limited, through its subsidiaries, provides rail and intermodal freight transportation services. It transports bulk commodities, including grain, coal, sulphur, and fertilizers; and merchandise freight that consists of finished vehicles and automotive parts. The company has a P/E ratio of 23.2, above the average transportation industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.