Lathes - low frequency - ok - but if it happens between tracks why not also within them? I can see the pumping between tracks on my 'energetic' Lps. Not much within the tracks but i think this is because the music energy takes over the woofer. It does not show much but is still there. Giving more stress in the music. Just my suspicion.
Since degree of pumping varies with the LP and repeats precisely with the record's revolution, drive problems probably is not much involved - confirmed by cleaning belts and adjusting the player - no big difference.

