My backup was running slowly.
Perhaps because Spotlight was not switched off for the USB drives when I started the backup, but switching off Spotlight did not improve the speed of the already running backup.
I then found that Finder was eating 60% CPU and was the top user of CPU, even though I wasn't using it, so I killed Finder and the backup immediately speeded up by a significant factor with backupd now being the top CPU user.
Perhaps because Spotlight was not switched off for the USB drives when I started the backup, but switching off Spotlight did not improve the speed of the already running backup.
I then found that Finder was eating 60% CPU and was the top user of CPU, even though I wasn't using it, so I killed Finder and the backup immediately speeded up by a significant factor with backupd now being the top CPU user.