Link: Advanced Exchange 2007 Transport Logs Troubleshooting
Great post by the exchange team!
Read it here!
Exchange Server 2007 uses new transport logs file formats that are easy to parse with one of our favorite Swiss Army knife tools, "Log Parser". Log Parser (also referred to as LP in the rest of this blog post) is commonly used for analyzing IIS log files or Windows Event logs. This first post will get you started on how to use Log Parser in the context of analyzing Exchange 2007 transport logs. The second part will lead you in-depth on how extract the essence of the log as it provides a lot of valuable information.