Shippensburg University of Pennsylvania, one of 14 universities of the Pennsylvania State System of Higher Education, is located just north of the borough limits in Shippensburg Township. In May 2012, Volvo Construction Equipment began a $100 million expansion project to bring its American headquarters to Shippensburg. Shippensburg is the home of the Beistle Company, the oldest manufacturer of decorations and party goods in the U.S. In the past, there were furniture factories, engine and pump works, and other industrial works located within the town. Shippensburg was incorporated as a borough on January 21, 1819.
The population was 5,478 at the 2020 census. Settled in 1730, Shippensburg lies in the Cumberland Valley, 41 miles (66 km) southwest of Harrisburg, and is part of the Harrisburg– Carlisle Metropolitan Statistical Area. Shippensburg is a borough in Cumberland and Franklin counties in the U.S.