An update --- I tested on another sql server instance on the same machine where I am implementing log shipping. After initializing only a few of these DBs I could see that sqllogship.exe was taking 30 secs to finish. So it appears this is not related to how many log shipping configs are on the server. Since both servers reside on the same physical machine, it could be the machine that is the issue. But I am curious what environmental factors could cause sqllogship.exe to finish in 30 seconds everytime whereas similar databases (even copies of these DBs elsewhere) finish in seconds when log shipped. Any ideas?

Thanks!