The Collaborative International Dictionary of English v.0.48:

Shipment \Ship"ment\, n.
   1. The act or process of shipping; as, he was engaged in the
      shipment of coal for London; an active shipment of wheat
      from the West.
      [1913 Webster]

   2. That which is shipped.
      [1913 Webster]

            The question is, whether the share of M. in the
            shipment is exempted from condemnation by reason of
            his neutral domicle.                  --Story.
      [1913 Webster]

WordNet (r) 3.0 (2006):

shipment
    n 1: goods carried by a large vehicle [syn: cargo, lading,
         freight, load, loading, payload, shipment,
         consignment]
    2: the act of sending off something [syn: dispatch,
       despatch, shipment]

Moby Thesaurus II by Grady Ward, 1.0:

43 Moby Thesaurus words for "shipment":
   air express, airfreight, airlift, asportation, baggage, bearing,
   cargo, carriage, carry, carrying, cartage, consignment, conveyance,
   drayage, expressage, ferriage, freight, freightage, goods, haulage,
   hauling, impedimenta, lading, lighterage, load, luggage, lugging,
   pack, packing, payload, portage, porterage, railway express,
   shipping, telpherage, toting, transport, transportation,
   transshipment, truckage, waft, waftage, wagonage