Updated from 1:29 p.m. ET

FreightCar America

(RAIL) - Get Report

shares surged on Wednesday, a day after the railcar maker reported

earnings that beat estimates

, leading the railroad sector higher.

The Chicago-based company's shares were up $1.19, or 7.3% to $17.48.

Shares of

Guangshen Railway

(GSH) - Get Report

of China were up 93 cents, or 6.1%, to $16.26.

Burlington Northern Santa Fe

( BNI), a holding of

Warren Buffett's

Berkshire Hathaway

(BRK.A) - Get Report

, was up 78 cents, or 1.2% to $63.72.

Shares of

CSX

(CSX) - Get Report

were up 37 cents, or 1.4% to $27.85.

Union Pacific

(UNP) - Get Report

shares were up 15 cents, or 0.4% to $40.96.