try2

<cffile action="read"
file="\\192.168.1.40\New File Server\01.Team\John\raid test\data\S1006_U003.log"
variable="var">
<cfoutput>
<cfloop index="i" list="#var#" delimiters="#chr(13)#">
    new line<br>
<cfloop index="i2" list="#i#" delimiters="#chr(32)##chr(9)#">



#i2#<br>
</cfloop><br>
</cfloop>
</cfoutput>


First 4 lines of the file outputted to the web page
new line
15/01/2017
22:32:14
1
14.975

new line
15/01/2017
22:33:14
1
14.975

new line
15/01/2017
22:34:14
1
15.000

new line
15/01/2017
22:35:14
1
15.000