CPU utilization is likely a non-issue if you're not using compression.
re: the FS ...
Is the FS directly mounted to both machines in the same manner, and with the same configurations/settings? For example, is the FS mounted on one machine with journaling enabled, but journaling disabled on the other machine?
re: disks in general ...
I'd suggest having your systems folks monitor all disk operations (database device reads/writes, dump device/FS reads writes) to see if there are any bottlenecks.
re: network ...
Are your 2 machines by any chance on different networks, or perhaps in different computer centers? Even if you're mounting the same FS, with the same configurations/settings, a 'slow' network will (obviously) cause slowdowns.
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Is this a new environment or have you been able to perform dumps/loads against these instances in the past, and at the same speeds?