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I need to create a coupon that sets the shipping rate of an item to a specific amount.

For instance, if the customer purchases any item and uses this specific coupon code (cart rule), their shipping amount is always set to $5, no matter what.

So if a customer buys a $3 item and their shipping is $10, this will always lower their shipping to $5, giving a total of $8.

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Magento Shopping cart rules do not have any feature like the discount on Shipping amount. It has the only able to change the shipping to free Shipping means Shipping price to 0..

If you want to do like then you have to work on Shipping carrier method or have to use any 3rd party extension like it.

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