We present an experimental study of the single source shortest path problem with non-negative edge weights (NSSP) on large-scale graphs using the △-stepping parallel algorithm, We report performance results on the Cray MTA-2, a multithreaded parallel computer. The MTA-2 is a high-end shared memory system offering two unique features that aid the efficient parallel implementation of irregular algorithms: the ability to exploit fine-grained parallelism, and low-overhead synchronization primitives. Our implementation exhibits remarkable parallel speedup when compared with competitive sequential algorithms, for low-diameter sparse graphs. For instance, △-stepping on a directed scalefree graph of 100 million vertices and 1 billion edges takes less than ten seconds on 40 processors of the MTA-2, with a relative speedup of close to 30. To our knowledge, these are the first performance results of a shortest path problem on realistic graph instances in the order of billions of vertices and edges.