Reading Large Log Files with CFFile

I am reading my iis log files into my database with CFFile so I can create custom stat reports for my clients. Problem is the files are now getting to be above 160Mb and sometimes CFfile does not do anything. I guess it tries to read the file, but fails. I am on a shared server. See code below what I am using.

Is there anyway to read the log files that won't cause it to fail?
<cfset timeoutVar = "500"><cfsetting RequestTimeout = "#timeoutVar#">
<cfset mydate = "#dateformat(application.mydate,'yymmdd')#">
<!------------ By default set value ------------>
<cfparam name="file2load" default="D:\inetpub\mydomain\stats\ex#mydate#.log">
<!------------ Load the file ---------------->
<cffile action="READ" file="#file2load#" variable="log_data">
Log file Read<hr>

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Reading 100mb into memory is a bad idea.

If you are on CF8 try rear say 1k lines at a time with fileReadLine()

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