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]