An exercise treadmill having an endless exercise surface for walking or running while exercising, a resistance mechanism for providing a resistance for simulating the pushing or pulling of a load, wherein the resistance can be adjusted and set to a specific resistance setting. A movable pushing and pulling means is or are operatively attached to the resistance mechanism to transfer the load to the user. The resistance mechanism applies a constant and static force to the pushing and pulling means only in the same direction the endless movable surface moves and opposite a pushing or pulling direction such that operating the treadmill simulates the pushing or pulling of a load by a combination of gripping and pushing or pulling the pushing and pulling means forward or backwards while walking or running forward or backwards.