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This paper develops boundary feedback controls to stabilize traffic congestion toward a predefined shock equilibrium in the Aw-Rascle-Zhang (ARZ) traffic flow model. We transform the corresponding moving-boundary hyperbolic system, covering free and congested flow regimes, respectively, into a shock-free augmented system on a fixed domain via shock-location-based moving coordinates. By applying the modified Lyapunov functionals concerning shock perturbation, we show that the shock position and the state of the system in -norm can be stabilized with an arbitrary exponential decay rate via the given feedback controls. Finally, the stabilization results are demonstrated by numerical simulations.

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